UPDATE 5-Oil falls towards $108 on China, US growth concerns
* China Q2 GDP growth slows to 7.5 pct
* China's implied oil demand rises nearly 10 pct in June
* U.S. retail sales rise less than expected in June
* Israel's Netanyahu says Iran closer to nuclear 'red line'
(Recasts with U.S. retail data, updates prices)
LONDON, July 15 (Reuters) - Brent crude fell towards $108 a barrel on Monday as data showing a slowdown in China's economic growth and weaker-than-expected retail sales in top oil consumer the United States weighed on the outlook for demand.
Brent crude front-month was down 66 cents at $108.15 a barrel by 1245 GMT. The August contract expires on Tuesday. U.S. oil was down 97 cents at $104.99.
China's annual GDP growth slowed to 7.5 percent in the second quarter of 2013, the ninth quarter in the last 10 that the rate has fallen, official data showed.
Initially, the data was greeted with relief as the figures were within expectations and dispelled fears of an even steeper slowdown, but trade later turned negative.
"Markets are relieved that the data is not worse, but it is certainly not great. Even though the GDP and retail data were in line, manufacturing activity is weak," Michael Hewson, an analyst at CMC Markets in London, said.
The bearish mood was reinforced after data showed U.S. retail sales rose less than expected in June, adding to signs of a slowdown in economic growth.
"We had a bullish run in recent weeks, but there isn't much to keep it going. Tensions in Egypt are easing off, and the economic news is not inspiring," said Simon Wardell, an analyst at Global Insight.
The U.S. dollar strengthened, which further weighed on oil by making it more expensive for traders in different currencies, Wardell said.
In other data, China's implied oil demand in June rose to the highest daily output since February as refineries returned from maintenance, but analysts expected annual growth to ultimately be flat on the previous year.
Chinese industrial output rose less than expected in June from a year earlier.
Political concerns in the Middle East offered limited support. Brent has held above $100 for most of 2012 and 2013 due in part to tensions between the West and Iran over Tehran's disputed nuclear programme.
Israeli Prime Minister Benjamin Netanyahu said on Sunday that Iran was getting closer to the "red line" he set for its nuclear programme. Investors are also watching the regime change in Egypt.
(Addiional reporting by Manash Goswami; editing by Jason Neely and Jane Baird)