China Industrial Value-Added and Retail Sales Miss Forecasts in August

SHANGHAI, Sept. 14 (SMM) –China’s industrial value-added and retail sales were both lower than expected in August.

Value-added at above-designated size Chinese industrial enterprises rose 6% year-on-year in August, versus 6.6% growth expected and 6.4% growth in July. The figure rose 6.7% year-on-year during January-August, below forecast for 6.8% growth and 6.8% growth during January-July.

China’s consumer goods retail sales rose 10.1% year-on-year in August, below 10.5% growth expected and 10.4% growth in July. The figure was up 10.4% year-on-year during January-August, flat with forecast and growth during January-July.

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