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China’s factory output falls below expectations in August

by ChemOrbis Editorial Team - content@chemorbis.com
  • 14/09/2015 (13:49)
According to data from China’s National Bureau of Statistics (NBS), the country’s industrial production grew at a slower pace than expected in August, increasing by 6.1% on the year compared with economists’ initial expectations which called for a gain of 6.3% compared with the same month of 2014. However, August’s data exceeded July’s reading which indicated an increase of 6% from a year earlier.

Meanwhile, the NBS also released China’s August retail sales data on Sunday. The country’s retail sales rose 10.8% in August, up from economists’ initial forecast which called for an increase of 10.6% on the year.

The recent data showed that China’s economy is still under downward pressure despite the government’s efforts to boost the slowing economy. Economists commented that the Chinese government’s five interest-rate cuts since November and its efforts to speed growth have yet to show positive effects, adding that the government may have to push infrastructure investment for the rest of the year to stabilize growth.
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