BEIJING, Sept 15 (Reuters) – China’s industrial output grew 5.2% from a year earlier in August, quickening from a 4.5% increase in July, data released by the National Bureau of Statistics showed on Tuesday.
The reading exceeded expectations for a 4.8% rise in a Reuters poll of 42 analysts.
Retail sales, a gauge of consumer activity, rose 0.4%, slowing from a 0.6% gain in July. Analysts had expected a 0.8% rise.
Fixed-asset investment declined 7.2% in the first eight months, matching forecast and compared with a 6.7% drop through July.
(Reporting by Kevin Yao, Yukun Zhang and Ethan Wang; Editing by Shri Navaratnam)
Comments