Investment into real estate fell at a faster pace in July than June, while investment into manufacturing slowed its pace of growth.
Jade Gao | AFP | Getty ImagesRetail sales grew by 2.7% in July from a year ago, the National Bureau of Statistics said Monday. That's well below the 5% growth forecast by a Reuters poll, and down from growth of 3.1% in June. Within retail sales, catering, furniture and construction-related categories saw declines.
Industrial production rose by 3.8%, also missing expectations for 4.6% growth and a drop from the prior month's 3.9% increase. Investment into infrastructure rose at a slightly faster pace in July than in June. Fixed asset investment data is only released on a year-to-date basis.
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