Retail

China says retail sales grew 17.7% in April, missing expectations

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A worker uses a thermometer to check the temperature of a customer as she enters a Starbucks shop as the country is hit by an outbreak of the new coronavirus, in Beijing, China January 30, 2020.

A worker uses a thermometer to check the temperature of a customer as she enters a Starbucks shop as the country is hit by an outbreak of the new coronavirus, in Beijing, China January 30, 2020.

BEIJING — In the latest sign of a sluggish recovery from the coronavirus pandemic, China said Monday that consumer spending grew at a slower-than-expected pace in April.

Retail sales rose 17.7% last month from a year ago, the National Bureau of Statistics said Monday. That missed expectations of 24.9%…



Source cnbc.com

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