China retail sales, industrial output fall short

China retail sales, industrial output fall short

Economic data out of China suggests the trade dispute with the US is hurting businesses and creating uncertainty for consumers.

The April figures, released by the National Bureau of Statistics, fell short of market expectations on a handful of fronts.

Retail sales rose 7.2 percent, the slowest pace of growth in 16 years. A drop in sales of new cars was a major factor.

Industrial output grew just 5.4 percent from a year earlier, about 3 percentage points lower than the result for March. Production of cars and textiles was weak.

A Chinese official suggested that if the economy continues to weaken, the government may pursue a stimulus policy.