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China’s industrial output, retail sales miss estimates in April

by ChemOrbis Editorial Team -
  • 13/05/2015 (14:37)
According to data released by China’s National Bureau of Statistics, the country’s industrial output and retail sales both grew at slower than estimated rates in April. Industrial output rose 5.9% on the year in April after posting a gain of 5.6% in the previous month while economists’ initial estimates called for an increase of 6%.

The data also revealed that retail sales in China posted the weakest yearly growth seen since February 2006. China’s retail sales growth slowed to 10% in April from 10.2% in March, falling below initial estimates, which called for an increase of 10.4%.

Meanwhile, the country’s growth in fixed asset investment declined to 14-year low of 12% in April compared to a 13.5% gain in the same month of 2014.
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