China’s August retail sales growth slowest in a year

chinas august retail sales growth slowest in a year

Sumary of China’s August retail sales growth slowest in a year:

  • Retail sales grew 2.5 percent last month, well short of the seven percent forecast and sharply down from the 8.5 percent witnessed in July.
  • The tepid growth figures are “largely due to the Delta variant wave and unprecedented tightening measures on the property sector”, Ting Lu, at investment bank Nomura, said in a research note, referring to Beijing’s moves to tighten restrictions on real estate companies.

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