China's June factory output beat f'cast, retail sales slow
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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)
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