Sunday, September 13, 2015

Sluggish Manufacturing, Hot Retail in Reports

It was a mixed set of economic reports today. Factory output in China was up 6.1 percent in August compared to the year before, a healthy pace but well below expectations. Retail sales were strong, but it is hard to imagine where the products were coming from, with wholesalers and manufacturers uniformly reporting slowing growth. China’s economic growth is slowing, everyone agrees, but causes and details are far from clear.

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