The National Bureau of Statistics is scheduled Friday to release data showing a pickup in growth in October from September.
Retail sales in October were forecast to have picked up to 3.8% year-on-year growth, according to analysts polled by Reuters, after rising by 3.2% in September.Fixed-asset investment, reported on a year-to-date basis, was anticipated to post 3.5% growth from a year ago.
BEIJING — China's National Bureau of Statistics is scheduled Friday to release retail sales, industrial production and fixed-asset investment data for October.Retail sales are expected to have picked up to 3.8% year-on-year growth, according to analysts polled by Reuters, after rising by 3.2% in September.
Industrial production was forecast to have risen by 5.6%, the poll showed, up from 5.4% the prior month. Fixed-asset investment, reported on a year-to-date basis, was anticipated to post 3.5% growth from a year ago, up from the 3.4% pace in September, according to the poll. Chinese authorities have ramped up stimulus announcements since late September, fueling a stock rally. The central bank has cut interest rates and extended existing real estate support.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklythat strips out more volatile food and energy prices rose by 0.2% in October from a year ago, modestly better than the 0.1% increase seen in September.
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