China Nov industrial production up, but retail sales miss forecasts

(Sharecast News) - China's November industrial output expanded at the its fastest pace since February 2022, although retail sales figures were weaker than expected as the world's second-largest economy continued to stumble towards recovery.

Industrial output grew by 6.6% in November on an annual basis, beating expectations for 5.6%. Retail sales were up 10.1% last month, although analysts had expected a 12.5% spike following a low base in 2022 when the country was in the grip of of stringent zero-Covid curbs in the last quarter of the year.

Fixed asset investment in urban areas cumulatively grew 2.9% in the first 11 months of the year, compared to expectations for 3% growth.

Reporting by Frank Prenesti for Sharecast.com