China's August factory output, retail sales miss expectations

China's industrial output grew 5.2 percent year-on-year in August, slowing from the 5.7 percent pace in the previous month and missing forecasts, while retail sales growth also slowed, official data showed on Monday.

The industrial output data, released by the National Bureau of Statistics, compared with forecasts for a 5.7 percent increase in a Reuters poll.

Retail sales, a gauge of consumption, expanded 3.4 percent in August after rising 3.7 percent in July, missing a forecast gain of 3.9 percent.

Fixed asset investment grew 0.5 percent in the first eight months compared with the same period last year, versus an expected 1.4 percent increase and a 1.6 percent expansion in the January-to-July period.

Reuters