china industrial output up 63 onyear in aug
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

China industrial output up 6.3% on-year in Aug

Arab Today, arab today

Arab Today, arab today China industrial output up 6.3% on-year in Aug

China economy
Beijing - Arab Today

China's industrial output growth accelerated in August, government statistics showed Tuesday, exceeding expectations in an encouraging sign for the world's second-largest economy.

Industrial output, which measures production at the country's factories and mines, rose 6.3 percent year-on-year, the National Bureau of Statistics (NBS) said, faster than July's 6.0 percent and above the median forecast of 6.2 percent in a Bloomberg News poll of economists.

Retail sales rose 10.6 percent in August, the NBS said, also ahead of expectations and the July figure, while fixed asset investment was up 8.1 percent in the first eight months of the year.

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