China’s industrial production and retail sales grew less-than-expected in October, while fixed asset investment growth improved slightly, figures from the National Bureau of Statistics revealed Monday, cited by rttnews.
Industrial production increased 6.1 percent year-on-year in October, at the same pace of growth as seen in September. This was slower than the 6.2 percent expansion economists had expected.
At the same time, retail sales growth eased to 10 percent from 10.7 percent in September, signaling a slowdown in domestic demand. A similar growth was last seen in May. The annual pace of expansion was expected to stabilize at 10.7 percent.
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