China’s factory output growth slowed to a 15-month low, while retail sales recorded their worst performance since the country abruptly ended its zero-COVID policy, reports Reuters.
Industrial output rose 4.8% year-on-year, National Bureau of Statistics (NBS) data showed on Monday, the weakest pace since August 2024, slowing from 4.9% in October.
Retail sales, a gauge of consumption, grew 1.3%, their weakest pace since December 2022, when China ended pandemic restrictions, well below 2.9% in October and forecasts for a 2.8% gain.
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