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- Industrial production in China climbed 6.3 percent on year
Industrial production in China climbed 6.3 percent on year
According to rttnews, industrial production in China climbed 6.3 percent on year in August, the National Bureau of Statistics said on Tuesday - beating forecasts for a gain of 6.2 percent and up from 6.0 percent in July.
On a monthly basis, output expanded 0.5 percent.
The bureau also said that retail sales advanced an annual 10.6 percent - again exceeding expectations for 10.2 percent, which would have been unchanged from the previous month.
Fixed asset investment gained 8.1 percent on year, beating forecasts for 7/9 percent and unchanged from the July reading.
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