China Retail Sales Growth Surges
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total Chinese exportsCNBC
•World
World
China May retail sales sharply beat estimates; industrial output misses expectations

79% Informative
Retail sales jumped 6.4% from a year earlier in May , sharply beating analysts' estimates for a 5% growth in a Reuters poll.
Growth in industrial output slowed to 5.8% year-on-year , slightly weaker than analysts' expectations for 5.9% rise.
Sluggish domestic demand stuck out as a more pressing issue for Chinese policymakers.
China 's exports to the U.S. plunged over 34% , sharpest drop since February 2020 .
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