Financial News: China GDP Climbs 5.4% On Year In Q4

China GDP Climbs 5.4% On Year In Q4

01/16/2025 - 21:23:00 (RTTNews)

(RTTNews) - China's gross domestic product expanded 5.4 percent on year in the fourth quarter of 2024, he National Bureau of Statistics said on Friday - exceeding expectations for 5.0 percent and up from 4.6 percent in Q3.

On a seasonally adjusted quarterly basis, GDP rose 1.6 percent, matching forecasts and up from 1.3 percent in the three months prior.

For all of 2024, GDP was up 5.0 percent after gaining 4.8 percent in 2023.

The bureau also said that industrial production climbed 6.2 percent in December, beating forecasts for 5.4 percent, which would have been unchanged from the November reading.

Retail sales improved an annual 3.7 percent, again topping expectations for 3.5 percent and up from 3.0 percent in the previous month.

Fixed asset investment was higher by 3.2 percent on year, shy of expectations for 3.3 percent, which would have been unchanged.

The jobless rate came in at 5.1 percent in December, above forecasts for 5.0 percent, which would have been unchanged from November.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Housing Starts Spike Much More Than Expected In December (22 min(s), 38 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed new residential construc ...Full Story»

Iceland Wages Rise 9.0% In November (46 min(s), 38 sec(s) ago)
(RTTNews) - Taxable wages and salaries in Iceland grew in November from the previous month mainly ...Full Story»

Malta HICP Inflation Slows To 1.8% (50 min(s), 38 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation eased for the second straight month in December, d ...Full Story»

Iceland November Registered Employment Grows (54 min(s), 38 sec(s) ago)
(RTTNews) - Employment in Iceland grew in November from the previous month as well as from the sam ...Full Story»

UK Retail Sales Drop Unexpectedly On Weak Food Store Sales (01 hr(s), 03 min(s), 38 sec(s) ago)
(RTTNews) - UK retail sales declined unexpectedly in December despite the festive season as food s ...Full Story»

Portugal Producer Price Inflation Climbs To 1.6% (01 hr(s), 21 min(s), 38 sec(s) ago)
(RTTNews) - Portugal's producer price inflation rose for the second straight month in December ...Full Story»

Cyprus HICP Inflation Rises To 3.1%, Highest In 14 Months (02 hr(s), 02 min(s), 38 sec(s) ago)
(RTTNews) - Cyprus's EU measure of consumer price inflation accelerated further in December to ...Full Story»

Eurozone Current Account Surplus At 3-Month Low (02 hr(s), 08 min(s), 38 sec(s) ago)
(RTTNews) - The euro area current account surplus fell to a three-month low in November, the Europ ...Full Story»