China's June factory output beat f'cast, retail sales slow
Tweet
Share
E-mail
An employee works at a production line manufacturing optical fiber cables at a factory of the Zhejiang Headway Communication Equipment Co in Huzhou, Zhejiang province, China May 15, 2019. REUTERS/Stringer/File Photo
BEIJING (Reuters) -China's industrial output grew 6.8% year-on-year in June, quickening from the 5.8% pace in May and beating forecasts, but retail sales growth slowed down, official data showed on Tuesday.
The industrial output data, released by the National Bureau of Statistics (NBS), beat expectations for a 5.7% increase in a Reuters poll and marked the quickest growth since March.
Retail sales, a gauge of consumption, rose 4.8% in June, slowing from 6.4% growth in May. Analysts had expected retail sales to rise 5.4%.
Fixed asset investment expanded 2.8% in the first six months this year from the same period a year earlier, compared with the expectations for a 3.6% rise. It grew 3.7% in the January to May period.
(Reporting by Joe Cash and Ellen ZhangEditing by Shri Navaratnam)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump, US House speaker and tech CEOs to meet on AI on September 29, source says
- Anthropic seeks 50.1% voting control for co-founders ahead of IPO, The Information reports
- Lula holds thin lead over Flavio Bolsonaro ahead of Brazil election, Datafolha poll shows
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
