Growth in industrial output from Chinese factories fell to a fresh low in August, in another sign of how the US-China trade war and slowing economic activity is weighing on the world’s second-biggest economy.
Data from the country’s National Bureau of Statistics published on Monday showed that industrial output rose by just 4.4 per cent year on year during the month, versus 4.8 in July. Analysts polled by Reuters had forecast that industrial output would grow by 5.2 per cent. August’s reading was again the worst since February 2002.
Meanwhile, separate data released on Monday showed that growth in retail sales again slowed, to 7.5 per cent in August, coming in under estimates of 7.9 per cent.
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