China November data shows mixed results as retail sales fall

(Sharecast News) - China economic data for November was mixed, with industrial production expanding but retail sales growth missing expectations.

Industrial production expanded 5.4% year on year, in line with expectations and a touch faster than October's 5.3%, according to data from the National Bureau of Statistics published on Monday.

Retail sales growth fell more-than-expected to 3% in November from 4.8% in the prior month and well off the 5% forecast by economists.

Fixed asset investment rose 3.3% year on year in the January to November period, down from the 3.4% rise in the 10 months to October.

The NBS said the job market remained generally stable in the first eleven months of 2024. The unemployment rate remained unchanged at 5.0 percent in November.

Reporting by Frank Prenesti for Sharecast.com