Overview

• Retail sales rose 3.7% in July, falling short of analysts’ 4.6% forecast and down from June’s 4.8% gain.
• Industrial output increased 5.7% in July, marking its slowest expansion since November and missing expectations.
• Fixed-asset investment advanced 1.6% year-to-date through July, undershooting forecasts and decelerating from the first half of the year.
• New home prices fell 0.3% month-on-month in July, contributing to a 12% year-to-date drop in property investment despite targeted housing incentives.
• Policymakers have eased suburban purchase restrictions, increased housing provident fund use and extended a 90-day U.S. tariff pause, but economists warn broader stimulus may be required to sustain growth.