Friday, April 25, 2014   

November industrial output growth slows, retail sales accelerate
(12-10 15:13)

China's industrial production growth slowed in November but retail sales expanded at a faster pace, official figures showed, suggesting a mixed picture for the economy.
Industrial output, which measures production at factories, workshops and mines, gained 10 percent in November year-on-year, the National Bureau of Statistics announced.
That was a slowdown from the 10.3 percent expansion recorded in October.
Retail sales, a key indicator of consumer spending, increased, gaining 13.7 percent in November from the year before – an acceleration from the 13.3 percent registered in October.
The data for November came after strong export and benign inflation figures for the month as China's economy shows further signs of strength after a slump in the first half of the year.
Gross domestic product expanded 7.8 percent in the three months from July to September, snapping a two-quarter slowdown, with data for the final three months of the year so far suggesting a steady outlook.—AFP

   
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