China November industrial output rises 5.4%, above expectations
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FILE PHOTO: Employees work on the production line for drones at a workshop in Anqing, Anhui province, China May 16, 2024. China Daily via REUTERS/File Photo
BEIJING (Reuters) - China's industrial output rose 5.4% from a year earlier in November, quickening from October's 5.3% growth, signalling tentative stabilisation in the world's second-largest economy as recent stimulus measures start to gain traction.
Data released on Monday by the National Bureau of Statistics beat expectations for a 5.3% rise in a Reuters poll of 26 analysts.
Retail sales, a gauge of consumption, grew 3.0% in November, down from a 4.8% rise in October. Analysts had predicted a 4.6% expansion.
Fixed asset investment increased 3.3% in January-November from the same period a year earlier, compared with an expected 3.4% rise. It grew 3.4% in the January to October period.
(Reporting by Kevin Yao, Joe Cash and Ethan Wang; Editing by Sonali Paul)
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