China industrial output rose 8.9% year-on-year in August
BEIJING (AFP) - Production at China's factories, workshops and mines weakened in August, the government said on Sunday, in a fresh sign of slowdown in the world's second-largest economy.
Industrial output increased 8.9 per cent in August compared with the same month last year, the National Bureau of Statistics announced. That represented a slowdown from the 9.2 per cent gain recorded in July.
Output for the first eight months of 2012, meanwhile, rose 10.1 per cent compared with the same period in 2011, the National Bureau of Statistics said.
Retail sales - China's main gauge of consumer spending - were 13.2 per cent higher in August year-on-year, the bureau said, marginally better than the 13.1 per cent increase recorded in July.