China’s key economic indicators showed new signs of recovery in June, official data showed on Friday, after Beijing eased strict Covid-19 restrictions that kept millions of people confined to their homes and closed factories. .
Retail sales, a leading indicator of China’s consumption, rose 3.1% year-on-year in June, recovering from a 6.7% drop in May, the National Bureau of Statistics (NBS, in acronym in English).
Economists polled had expected sales to fall 1.0%.
Industrial production grew by 3.9%, accelerating from a 0.7% growth in May.
But the result was lower than the 4.4% increase predicted by economists consulted by the The Wall Street Journal.
Fixed asset investment rose 6.1% in the first half of the year, slightly below the 6.2% increase in the January-May period, but above the 6.0% growth expected by economists consulted.
Source: CNN Brasil
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