China's industrial production grew at a faster rate as the shortage in electricity eased in October and retail sales growth accelerated despite the rising number of Covid cases. However, property investment growth weakened raising concern about construction activity going forward. Industrial production grew at a pace of 3.5 percent after rising 3.1 percent in September, the National Bureau of Statistics said. Economists had forecast annual increase of 3.0 percent.
Likewise, annual growth in retail sales improved to 4.9 percent in October from 4.4 percent in September. Sales were expected to climb at a slower pace of 3.5 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.