China July Retail Sales Rise Just 0.6%, Missing Forecasts

China's retail sales increased 0.6% year-over-year in July, according to the National Bureau of Statistics. The result came in below market expectations for a 1.5% rise and was slower than the 1.0% growth recorded in June.

The July figure points to a loss of momentum in consumer spending and a shortfall versus consensus expectations.

The weaker-than-expected print may add to concerns about the growth outlook and could weigh on sentiment toward China-linked assets.