3 days ago
China's Industrial Output Seen Slowing on Rain, Capacity Curbs
The expansion in China's industrial output likely slowed sharply last month as downpours disrupted factory and mine operations while the government intensified efforts to rein in excess capacity.
Official data due Friday will show industrial production increased 6% in July from a year earlier, down from a 6.8% gain in the previous month, according to the median forecast by 33 economists in a Bloomberg survey. Retail sales growth is expected to soften to 4.6%, which would be the lowest in five months.
