CHART: China's industrial production misses expectations as growth slowed to 3.7% in July

China's economic landscape in July presented a tale of tempered growth, as industrial production and retail sales failed to meet anticipated levels.

The National Bureau of Statistics (NBS) reported figures that showed China's industrial production mustering an annual growth rate of 3.7% in July 2023, the Techloy chart below reveals. This marked a deceleration from the 4.4% rise witnessed in June and fell short of the projected 4.4% forecast. Cumulatively, industrial output achieved a growth rate of 3.8% in the first seven months of the year.