(ANSA) - BEIJING, MAY 16 - Retail sales in China fell annually in April at -11.10%, slipping to the lowest of the last two years compared to -3.5% in March and -6.1 % estimated by analysts, due to the draconian measures of the lockdowns in response to the wave of Covid-19 which "had a massive impact" on the economy.
In a note, the National Statistical Office also reported that industrial production also marked a sharp annual slowdown in April to -2.90% against expectations at + 0.4% and + 5% in March, hitting the first decline. from March 2020. Urban unemployment also hurt, jumped to 6.1% from 5.8% in the previous month.
(HANDLE).
