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China's industrial output growth slows in April, retail sales miss forecasts

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China's industrial output growth slows in April, retail sales miss forecasts

 

 

China's factory output growth slowed in ยิงปลา April from the jump seen in the previous month while retail sales missed analyst expectations, indicating more pressure on the recovery in consumption.

Industrial production grew 9.8 per cent in April from a year ago, slower than the 14.1 per cent surge in March, National Bureau of Statistics (NBS) data showed on Monday (May 17), but matching a consensus forecast by analysts from a Reuters poll.

China's economy showed steady improvement in April but new problems are emerging, the NBS said in a statement alongside the data.

Retail sales rose 17.7 per cent year-on-year in April, much weaker than a 24.9 per cent uptick expected by analysts and down from the jump of 34.2 per cent seen in March.

Fixed asset investment increased 19.9 per cent in the first four months from the same period a year earlier, versus a forecast 19 per cent rise, slowing from January to March's 25.6 per cent increase.

Private-sector fixed-asset investment, which makes up around 60 per cent of total investment, rose 21 per cent in January to April, compared with a 26 per cent jump for the first three months.

A top decision-making body of the ruling Communist Party said last month the country will encourage manufacturing and private investment to recover as quickly as possible.

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Topic starter Posted : 17/05/2021 9:48 am
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