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Economy And The Numbers

China Industrial Output Rises Less Than Forecast; Retail Sales Growth Accelerates

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024 lt

China industrial production growth slowed unexpectedly in October and the decline in property investment deepened but retail sales growth accelerated as recent stimulus measures strengthened consumer sentiment.

Industrial production posted an annual growth of 5.3 percent in October after rising 5.4 percent in September, the National Bureau of Statistics said Friday. The slowdown in growth was unexpected as output was forecast to climb 5.5 percent.

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