China’s industrial production grew 5.0% in October, compared to the same month of 2021, and rose 0.33% from the previous month. Despite rising slightly above the market forecast of 4.9%, it marks a slowdown from September’s annual high of 6.3%. The data were released late on Monday by the Office for National Statistics (NBS).
Retail sales fell 0.5% year-on-year in October, down 0.68% month-on-month. Analysts consulted by The Wall Street Journal expected an annual advance of 0.7%. In September, the sector had increased sales by 2.5%, compared to the same month last year.
Also according to the NBS, investments in fixed assets increased by 5.8% in the year to October, compared to the same period in 2021. The number came in slightly below the 5.9% increase expected by the Marketplace.
*With information from Dow Jones Newswires
Source: CNN Brasil
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