China’s industrial output, retail sales increase in October
by ChemOrbis Editorial Team - content@chemorbis.com
According to data from China’s National Bureau of Statistics (NBS), the country’s industrial production increased 5.6% on the year in October while still representing the lowest levels in six months. The latest figure was also weaker than both September’s gain of 5.7% and Bloomberg economists’ estimates which called for an increase of 5.8% from a year earlier.
Retail sales, meanwhile, climbed 11% on the year, posting the fastest increase seen since last December while also exceeding economists’ initial forecasts which called for a 10.9% increase in a survey conducted by Bloomberg.
The NBS also reported that China’s fixed asset investment rose 10.2% in the first ten months of this year compared with the same period of the last year.
Retail sales, meanwhile, climbed 11% on the year, posting the fastest increase seen since last December while also exceeding economists’ initial forecasts which called for a 10.9% increase in a survey conducted by Bloomberg.
The NBS also reported that China’s fixed asset investment rose 10.2% in the first ten months of this year compared with the same period of the last year.
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