China's industrial output slows in July, retail sales miss forecasts

BEIJING: China's industrial output growth slowed while retail sales grew less than expected in July, highlighting strains on the economy from weak domestic demand, extreme weather disruptions and the waning effect of state policies aimed at boosting consumption.The downbeat readings followed second-quarter growth that

The data is reinforcing concerns about the health of the world's second-largest economy, which has grappled with a deepening supply-demand imbalance.

Data: Census Bureau; Chart: Neil Irwin/Axios American consumers have powered the economy forward this year. In July, they took a breather. Why it matters: While the underlying trend in consumer demand appears solid, retail sales hit an air pocket last month, suggesting a bumpier path ahead for overall growth. Combined

The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation

The U.S. Department of Commerce said Friday that retail sales dropped 0.6% in July from June, the largest decline since May 2025.

US retail sales post first decline in nine months in July  Reuters

There was a notable bump in spending in both April and May as Americans dipped into their tax refunds. That affect may have faded last month.

Total retail and food services sales came in at $763.6 billion, down from $768.1 billion in June but up 5% from a year earlier

Sales at U.S. retailers fell in July for the first time in 14 months, but not because the economy sputtered. Americans spent less at gas stations because of lower oil prices and they bought less online after Amazon’s summer sales bonanza.

Shoppers unexpectedly cut their spending in July as a boost from government tax refunds faded

Shoppers unexpectedly cut their spending in July as a boost from government tax refunds faded

Retail sales unexpectedly fall in July as government tax refunds fade  apnews.com

A weak market in the Lower Mainland is weighing on homes sales in British Columbia, with both transactions and average prices falling in July.