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China Industrial Production Rose 4.8% in July, Missing Expectations

BEIJING--Value-added industrial output in China rose 4.8% in July from a year earlier, slowing from the 6.3% increase in June, the National Bureau of Statistics said Wednesday.

July's rise undershot a median forecast for 5.9% growth, according to a poll of 13 economists by The Wall Street Journal.

Fixed-asset investment in China's urban areas rose 5.7% in the January-July period from a year earlier. It was slower than the 5.8% increase in the first half of the year. Growth for the closely watched indicator of construction activity was also below economists' median forecast for a 5.8% gain.

Retail sales in China climbed 7.6% in July from a year earlier, decelerating from a 9.8% increase in June and missing economists' median forecast for 8.5% growth.

 

--Lin Zhu and Grace Zhu

 

(END) Dow Jones Newswires

August 13, 2019 22:41 ET (02:41 GMT)

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