The FINANCIAL — Value-added industrial output in China rose 5.9% in April from a year earlier, accelerating from 5.6% growth in March, data from the National Bureau of Statistics showed on May 13, according to Nasdaq.
April’s figure slightly undershot the median 6.0% growth forecast by 12 economists in The Wall Street Journal’s survey.
Industrial output also increased 0.57% in April from March, when output rose 0.25% from February.
Fixed-asset investment in non-rural areas of China climbed 12.0% on-year in the January-April period, compared with an increase of 13.5% for the first three months of the year.
Economists were also expecting a 13.5% gain for the first four months of the year.
Retail sales grew 10.0% in April from a year earlier, slowing a tad from a 10.2% increase in March, and missing economists” median forecast of a 10.6% rise for April.
Retail sales increased 0.74% in April from March. In March, retail sales rose a revised 0.64% from the preceding month.
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