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China’s industrial output, retail sales slow in Jan-Feb

by ChemOrbis Editorial Team -
  • 14/03/2016 (10:59)
According to media reports, data from China’s National Bureau of Statistics (NBS) showed that growth in the country’s industrial output and retail sales slowed in the first two months of the year.

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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