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China’s industrial output, retail sales accelerate in May

by ChemOrbis Editorial Team - content@chemorbis.com
  • 11/06/2015 (13:56)
According to data released by China’s Official Bureau of Statistics (NBS), the country’s industrial output and retail sales increased in May. Industrial sales rose 6.1% year over year in May from 5.9% in April, beating Bloomberg economists’ initial estimates, which called for an increase of 6.0%.
Retail sales, meanwhile, rose 10.1% on the year in line with economists’ forecast, accelerating slightly from the 10.0% increase reported in the previous month.

The data also showed that fixed-asset investment excluding rural households climbed 11.4% compared with the same period of 2014.

Economists commented that although the latest figures showed some signs of stabilization, demand remains weak and the acceleration in industrial output may prove temporary as liquidity shortages and a lack of new projects continue to weigh down on growth.
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