China April industrial output rises 5.6%, retail sales jump 18.4%; below expectations

United States News News

China April industrial output rises 5.6%, retail sales jump 18.4%; below expectations
United States Latest News,United States Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

China's industrial output grew 5.6% in April from a year earlier, official data showed on Tuesday, missing expectations by a large margin but accelerating from a 3.9% gain seen in March.

The data, released by the National Bureau of Statistics, lagged a 10.9% increase seen in a Reuters poll of analysts but it was the quickest growth since September 2022, largely due to the recoil effect from the contraction suffered last April when the commercial hub Shanghai was under stringent COVID lockdown.

Retail sales jumped 18.4%, missing forecasts for a 21.0% increase. It was significantly faster than the 10.6% increase in March and marked the quickest growth since March 2021. Fixed asset investment expanded 4.7% in the first four months of 2023 from the same period a year earlier, versus expectations for a 5.5% rise. It grew 5.1% in the January-March period.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China’s April Retail Sales rise 18.4%, Industrial Output increases 5.6%China’s April Retail Sales rise 18.4%, Industrial Output increases 5.6%China’s April Retail Sales YoY, jumped 18.4% vs. 21.0% expected and 10.6% previous while the country’s Industrial Production came in at 5.6% YoY vs. 1
Read more »

China’s NBS: National economy sustained recovery momentum in AprilChina’s NBS: National economy sustained recovery momentum in AprilFollowing the release of the key economic data from China for April, the country’s National Bureau of Statistics (NBS) released a statement, via Reute
Read more »

‘Free tattoo Tuesday’: Iconic Baltimore brand partners with museum to offer complimentary body art‘Free tattoo Tuesday’: Iconic Baltimore brand partners with museum to offer complimentary body artSpice company and Baltimore-based museum offering choice of three designs
Read more »

It's A Very Bad Tuesday To Be Wally West (Flash & Titans Spoilers)It's A Very Bad Tuesday To Be Wally West (Flash & Titans Spoilers)This Tuesday sees the release of Flash 799 and Titans 1, both featuring Wally West as The Flash. And it doesn't start well for Wally, in Titans 1.
Read more »

Clayton Kershaw's mother dies; he plans to pitch TuesdayClayton Kershaw's mother dies; he plans to pitch TuesdayThe mother of Clayton Kershaw died on Saturday. Dodgers manager Dave Roberts said the plan is for Kershaw to pitch Tuesday against the Twins.
Read more »

Biden expects to meet lawmakers Tuesday for debt talks, says he is optimisticBiden expects to meet lawmakers Tuesday for debt talks, says he is optimisticU.S. President Joe Biden said on Sunday he expects to meet with congressional leaders on Tuesday for talks on a plan to raise the nation's debt limit and avoid a catastrophic default.
Read more »



Render Time: 2025-02-24 05:27:46