China’s retail sales growth has shown a slight decline in August 2024, according to fresh data released on September 14, 2024. The year-to-date growth rate for August has reached 3.40%, compared to 3.55% recorded in July 2024. This data marks a slight dip in consumer spending momentum in the world’s second-largest economy.The newly updated figures indicate the growth rate in August 2024, in comparison to the same month a year ago, shows a marginal slowdown. The previous indicator, reflecting July’s performance, was already pointing toward a cautious consumer environment with a 3.55% growth rate.Analysts are closely monitoring this trend as it could signal larger economic shifts. The moderation in retail sales growth could be influenced by several factors, including consumer sentiment and macroeconomic conditions, making the upcoming months critical for policymakers in Beijing.The material has been provided by InstaForex Company – www.instaforex.com
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