China's industrial production increased at a faster-than-expected pace in the first two months of the year, official data from the National Bureau of Statistics showed Wednesday, cited by rttnews.
Industrial output climbed 7.2 percent in the January to February period from a year ago, faster than the 6.2 percent rise in December. That was also above the 6.6 percent increase economists had forecast.
During the first two months of 2018, retail sales surged 9.7 percent as compared to the same period of last year. In December, the rate of growth was 9.4 percent.
That was slightly slower than the expected growth of 10.0 percent.
The statistical office also revealed that fixed asset investment grew 7.9 percent annually in the January to February period. It was forecast to increase by 7.0 percent.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.