China’s industrial production increased at a slower-than-expected pace in August, while retail sales growth exceeded expectations, figures from the National Bureau of Statistics showed Monday.
Industrial production climbed 6.1 percent year-over-year in August, slightly faster than previous month’s 6.0 percent rise. Economists had expected a 6.3 percent growth for the month.
Retail sales growth improved to 10.8 percent annually in August from 10.5 percent in July. The expected rate of increase was 10.6 percent.
In the January to August period , urban fixed asset investment gained 10.9 percent from the same period of last year, which was slower than the expected growth of 11.2 percent.
The material has been provided by InstaForex Company – www.instaforex.com