China’s industrial output, retail sales slow in Jan-Feb
Industrial output climbed 5.4% on the year in the January-February period while it fell below Bloomberg economists’ projections, which called for a gain of 5.6% compared with the same period of 2015. Retail sales, meanwhile, increased 10.2% in the first two months, falling short of economists’ predictions calling for an increase of 11% from a year earlier.
The slowdown in industrial output was attributed to seasonal factors as well as weak global demand, deterioration in sectors such as steel and chemicals and a slump in tobacco output.
However, the NBS reported that China’s fixed-asset investment beat economists’ estimates, growing by 10.2% on the year in the same period.
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