China in­dus­trial out­put drops again in Au­gust

The Phnom Penh Post - - BUSINESS -

CHINA’S econ­omy re­vealed fresh signs of head­winds in Au­gust as data showed yes­ter­day that in­dus­trial out­put and retail sales un­ex­pect­edly slowed for a sec­ond con­sec­u­tive month. The read­ings fol­low dis­ap­point­ing ex­port fig­ures re­leased last week, a one-two punch for the Asian gi­ant, as an of­fi­cial pointed to weak over­seas de­mand and warned the do­mes­tic econ­omy still faces “many hid­den con­cerns”. Out­put at fac­to­ries and work­shops ex­panded six per­cent last month, the low­est recorded this year and well be­low the 6.6 per­cent fore­cast in a Bloomberg News sur­vey.”

Newspapers in English

Newspapers from Cambodia

© PressReader. All rights reserved.