Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

China’s April industrial output gains momentum; retail sales slow

May 15, 2018 11:01 AM
6 0
China’s April industrial output gains momentum; retail sales slow

Mubahser: China’s business activities saw a mixed performance in April 2018, with a more rapid industrial production growth and a slower rate for investment and retail sales.

Year-on-year, value-added industrial output rose 7% last month and higher than the annual increase of 6% in March, National Bureau of Statistics of China stated on Tuesday.

April’s figure came slightly higher than the Wall Street Journal analysts’ forecast of 6.4% growth for the month.

On the other hand, fixed-asset investment outside rural households gained 7% between January and April, compared to the year-ago period, but slower than 7.5% annual increase recorded between January and March.

The construction activity growth indicator fell short of the analysts’ forecast of a 7.4% increase.

Meanwhile, retail sales jumped 9.4% year-on-year in April, but slower than the 10.1% seen in March 2018.

Source: english.mubasher.info

Share in social networks:

Comments - 0