China's factory output growth slows to 8.9 percent

BEIJING (AP) ? Growth in China's factory production slowed to 8.9 percent in August while the country's retail sales increased at a steady rate.

The National Bureau of Statistics data released Sunday suggests Beijing might need to launch more stimulus efforts to reverse a painful slowdown in the world's second-largest economy.

The year-on-year growth in August factory production was a slowdown from 9.2 percent in July.

The bureay says retail sales rose 13.2 percent year-on-year in August, which was 0.1 percentage point higher than the growth rate in July.

Inflation data also released Sunday showed China's inflation rate increased slightly to 2 percent in August.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-09-09-AS-China-Economy/id-e3db6feb15ab4e4e8e06af29d291e669

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