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China industrial output up 6.2 per cent in November from year earlier
Highlights
Growth in China\'s industrial production, a measure of output at factories, workshops and mines, accelerated in November to its highest level since June, official data showed Saturday, a bright spot for the world\'s second-largest economy as it struggles with slowing growth.
Growth in China's industrial production, a measure of output at factories, workshops and mines, accelerated in November to its highest level since June, official data showed Saturday, a bright spot for the world's second-largest economy as it struggles with slowing growth.
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Industrial output increased 6.2 per cent last month from a year ago, the National Bureau of Statistics (NBS) said, the first increase since August and a significant jump over October's figure of 5.6 per cent.
The numbers are higher than a median forecast of 5.7 per cent increase in a survey of economists by Bloomberg News. Retail sales rose 11.2 per cent to their highest level this year, the data showed, after last month's national online shopping day generated more than $14 billion in sales.
Fixed asset investment was up 10.2 per cent in the period from January to November -- the same pace as reported in October for the first ten months of the year, according to the statistics.
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