Home / Forex News / China Industrial Production, Retail Sales Weaken On Covid Restrictions

China Industrial Production, Retail Sales Weaken On Covid Restrictions

China’s industrial production declined unexpectedly in April reflecting not only the disruption caused by the Covid-19 lockdown, but also weaker foreign demand. Further, the decrease in retail sales worsened on weak household consumption. Industrial production dropped 2.9 percent on a yearly basis, reversing a 5.0 percent fall in March, data published by the National Bureau of Statistics showed.
Read Full Story