China’s industrial production growth slowed unexpectedly in October, while retail sales grew at a faster pace, data from the National Bureau of Statistics revealed Wednesday.
Industrial production climbed 5.6 percent on a yearly basis in October after increasing 5.7 percent in September. Economists had forecast it to rise 5.8 percent.
At the same time, annual growth in retail sales edged up to 11 percent in October from 10.9 percent in September. This was the fastest growth seen so far this year. Sales were expected to climb 10.9 percent again in October.
During January to October, urban fixed asset investment increased 10.2 percent from the same period of last year, in line with expectations. In January to September, investment advanced 10.3 percent.
The material has been provided by InstaForex Company – www.instaforex.com