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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: China’s April growth slows sharply as consumption, factory output weaken

China Economy United States

China’s economic growth lost momentum in April as industrial output, retail sales and investment activity weakened amid rising energy costs linked to the Iran conflict and continued softness in domestic demand, according to data released by China’s National Bureau of Statistics (NBS) on Monday.

Industrial output rose 4.1% year-on-year in April, slowing sharply from March’s 5.7% growth and marking the weakest expansion since July 2023. The figure also fell short of market expectations of 5.9%, according to a Reuters poll.

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