💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

China September industrial output rises 6.9% year-on-year; retail sales up 3.3%

Published 10/18/2020, 10:14 PM
Updated 10/18/2020, 10:15 PM
© Reuters. Woman holds a trolley outside a supermarket in Beijing

BEIJING (Reuters) - China's industrial output in September rose 6.9% from a year earlier, data showed on Monday, expanding for the sixth straight month in a boost to an economy recovering from the coronavirus shock.

Analysts polled by Reuters had expected annual industrial output growth to have quickened to 5.8% in September from a 5.6% gain in August, as more businesses resumed production after measures to contain the spread of the virus were lifted.

China's retail sales edged up 3.3% last month from a year earlier, beating analysts' forecast for 1.8% growth compared with 0.5% growth in August.

© Reuters. Woman holds a trolley outside a supermarket in Beijing

Fixed asset investment increased 0.8% in the first nine months of the year from the same period in 2019, compared with a forecast 0.8% increase and a 0.3% decline in the first eight months of the year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.