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Financial News: China's Industrial Output Growth Slows

China's Industrial Output Growth Slows

05/14/2019 - 23:03:00 (RTTNews)

(RTTNews) - China's industrial production and retail sales growth eased in April, figures from the National Bureau of Statistics showed Wednesday.

Industrial production advanced 5.4 percent year-on-year in April, following March's 8.5 percent increase. The growth rate was forecast to slow moderately to 6.5 percent.

Likewise, annual growth in retail sales eased to 7.2 percent from 8.7 percent a month ago. Sales were forecast to expand 8.6 percent.

Data showed that fixed asset investment climbed 6.1 percent during January to April period compared to the 6.3 percent expansion logged in January to March period. Economists had forecast 6.4 percent growth.

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