US inflation edged higher in April, reversing the previous month’s surprise drop, the Labor Department reported on Friday. The Consumer Price Index, which tracks changes in the costs of goods and services purchased by households, rose 0.2 percent in April after March’s 0.3 percent decline, matching analyst expectations. Data showed that retail sales in the … Read more
Output in China’s factories and mines continued to expand in April but at a slower pace Output in China’s factories and mines continued to expand in April but at a slower pace than in the previous month. The purchasing manager’s index (PMI) was 51.2 in April, the National Bureau of Statistics (NBS) said, down from … Read more
China’s tourism industry saw revenues of 423.3 billion yuan ($61.55 billion) during the recent Lunar New Year festival, up 15.9 percent against last year, the China National Tourism Administration (CNTA) said late on Thursday. The rate of growth, driven by 344 million domestic tourist trips, was, however, slightly slower than the 16.3 percent rise seen … Read more