Retail sales grow 5% compared to the 5.2% expected, its biggest increase since 2019; Industrial production increases 7%

The chinese retail sales of the month of November increased by 5%, surpassing 4.3% in October, although placing two tenths below the estimated 5.2%.

The indicator grows for the fourth consecutive month and achieves its biggest rise since December 2019.

Year-on-year industrial production increased 7% in November, matching forecasts and improving by one tenth from 6.9% in October. This is the eighth consecutive month of increases for the indicator and represents the highest increase seen since March 2019.

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