China retail sales miss expectations, while urban unemployment hits 5.3%

Manshi Mamtora

• China’s retail sales growth slowed to 0.4% Y/Y in August 2026 from 0.6% in July, missing market expectations of 0.8%.
• Auto sales fell 18.5%, while furniture, building materials, and gold and silver jewelry sales declined 7.9%, 11.8%, and 17.5%, respectively. Excluding autos, retail sales grew 2.5%.

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