China reported a raft of unexpectedly weak July data on Wednesday, including a s...
BEIJING - China reported a raft of unexpectedly weak July data on Wednesday, including a slump in industrial output to more than 17-year lows, pointing to further slowing in the economy as the U.S. trade war takes a heavier toll on businesses and consumers.
That followed weaker-than-expected bank lending and gloomy factory surveys, reinforcing expectations that more policy support is needed soon. Analysts had forecast it would slow to 5.8%, from June’s 6.3%. Washington had sharply raised some tariffs in May. While officials have cautioned it would take time for higher infrastructure spending to kick in, construction growth has been more muted than expected.
Data from Japanese construction equipment maker Komatsu Ltd. showed activity remained weak in China in July, with operating hours for its machines falling for a fourth straight month. Job security worries may also be a factor. Nationwide survey-based unemployment edged up to 5.3% from 5.1% in June, though many market watchers believe it could be much higher.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
China January-July FDI up 7.3% year on year in yuan termsForeign direct investment (FDI) in China rose 7.3% from a year earlier to 533.14...
Consulte Mais informação »
China July crude throughput climbs on-year, but off record as glut weighsChina's July crude oil throughput rose 4% from a year earlier, official dat...
Consulte Mais informação »
Cara Delevingne Talks Suicide Squad in W's June/July Issue'More is known about my life than the lives of the characters I play. My plan is to reverse that.' Happy birthday, CaraDelevingne!
Consulte Mais informação »
US budget deficit grows 27% through JulyNEW: U.S. government's budget deficit rises to $867 billion during the first 10 months of this budget year, as spending grew more than twice as fast as tax collections.
Consulte Mais informação »
China's industrial output growth slows in JulyBEIJING--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.
Consulte Mais informação »
Malaysia's July CPI up 1.4% year on year, slightly below forecastMalaysia's consumer price index rose 1.4% in July from a year earlier, a bi...
Consulte Mais informação »