China April industrial output rises 5.6%, retail sales jump 18.4%; below expectations
Retail sales jumped 18.4 per cent, missing forecasts for a 21.0 per cent increase.
China's industrial output grew 5.6 per cent in April from a year earlier, official data showed on Tuesday, missing expectations by a large margin but accelerating from a 3.9 per cent gain seen in March.
The data, released by the National Bureau of Statistics, lagged a 10.9 per cent increase seen in a Reuters poll of analysts but it was the quickest growth since September 2022, largely due to the recoil effect from the contraction suffered last April when the commercial hub Shanghai was under stringent COVID lockdown.
Retail sales jumped 18.4 per cent, missing forecasts for a 21.0 per cent increase. It was significantly faster than the 10.6 per cent increase in March and marked the quickest growth since March 2021.
Fixed asset investment expanded 4.7 per cent in the first four months of 2023 from the same period a year earlier, versus expectations for a 5.5 per cent rise. It grew 5.1 per cent in the January-March period.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
08:36 AM IST