
•Retail sales grew by 5.1% year-on-year, missing expectations and slowing from 5.9% in March, highlighting ongoing concerns about weak consumer demand
•Industrial output rose 6.1% from a year earlier, beating analyst forecasts but decelerating from March’s 7.7% increase
•Fixed-asset investment expanded by 4.0% in the first four months of 2025, also falling short of expectations and slowing from earlier in the year
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