FOREX TradingCharts.com

Financial News: China Industrial Output, Retail Sales Growth Improves In

China Industrial Output, Retail Sales Growth Improves In November

12/15/2020 - 02:23:00 (RTTNews)

(RTTNews) - China's industrial production and retail sales growth improved in November, setting the stage for a full year growth, while all other major economies struggle to move out of the coronavirus pandemic.

Industrial production grew 7 percent year-on-year in November, after rising 6.9 percent in October, data published by the National Bureau of Statistics showed Tuesday. The rate came in line with economists' expectations.

Retail sales growth improved to 5 percent from 4.3 percent a month ago. However, this was slightly weaker than the economists' forecast of 5.2 percent.

The unemployment rate fell slightly to 5.2 percent in November, in line with forecast, from 5.3 percent in the previous month.

During January to November period, fixed asset investment rose 2.6 percent from the same period last year, as expected.

Early this month, the Asian Development Bank upgraded China's 2020 growth outlook to 2.1 percent from 1.8 percent. The projection for next year was retained at 7.7 percent.

Julian Evans-Pritchard and Sheana Yue, economists at Capital Economics, said output is expected to remain above-trend in the coming quarters, even as tailwinds from stimulus and exports start to ease.

They said activity will remain strong in the near-term as households run down the excess savings they accumulated this year.

The technology war is the biggest risk for China in 2021, along with the risk of credit defaults continuing, Iris Pang, an ING economist said.

"We are not particularly optimistic on the Chinese economy in 2021 though the trade relationship with the US could improve but that may not happen immediately after Biden will be in office," ING economist added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Business Inventories Increase In Line With Estimates In November (02 hr(s), 26 min(s), 32 sec(s) ago)
(RTTNews) - Business inventories in the U.S. increased in line with economist estimates in the mon ...Full Story»

Bank Of Italy Sees 3.5% GDP Growth This Year (02 hr(s), 41 min(s), 32 sec(s) ago)
(RTTNews) - The Italian economy is set to expand this year and next, but will return to pre-pandem ...Full Story»

UK Economy To Log Negative Growth In Q1: NIESR (02 hr(s), 52 min(s), 32 sec(s) ago)
(RTTNews) - The UK economy is set to log negative growth in the first three months of this year, ...Full Story»

U.S. Consumer Sentiment Dips More Than Expected In January (02 hr(s), 59 min(s), 32 sec(s) ago)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a modest dete ...Full Story»

U.S. Industrial Production Jumps Much More Than Expected In December (03 hr(s), 16 min(s), 32 sec(s) ago)
(RTTNews) - The Federal Reserve released a report on Friday showing U.S. industrial production jum ...Full Story»

New York Manufacturing Index Unexpectedly Indicates Slower Growth In January (03 hr(s), 38 min(s), 32 sec(s) ago)
(RTTNews) - Activity in the New York manufacturing sector unexpectedly grew at a slower pace in th ...Full Story»

U.S. Producer Prices Rise Slightly Less Than Expected In December (03 hr(s), 46 min(s), 32 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Friday showed U.S. producer prices increa ...Full Story»

U.S. Retail Sales Continue To Slump Amid Spike In Coronavirus Cases (03 hr(s), 59 min(s), 32 sec(s) ago)
(RTTNews) - Retail sales in the U.S. continued to decline in the month of December, according to a ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Business Inventories Increase In Line With Estimates In November

01/15/2021 - 10:45 AM (RTTNews)
(RTTNews) - Business inventories in the U.S. increased in line with economist estimates in the mon ...Full Story>>

Bank Of Italy Sees 3.5% GDP Growth This Year

01/15/2021 - 10:30 AM (RTTNews)
(RTTNews) - The Italian economy is set to expand this year and next, but will return to pre-pandem ...Full Story>>

UK Economy To Log Negative Growth In Q1: NIESR

01/15/2021 - 10:19 AM (RTTNews)
(RTTNews) - The UK economy is set to log negative growth in the first three months of this year, ...Full Story>>

U.S. Consumer Sentiment Dips More Than Expected In January

01/15/2021 - 10:12 AM (RTTNews)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a modest dete ...Full Story>>

U.S. Industrial Production Jumps Much More Than Expected In December

01/15/2021 - 09:55 AM (RTTNews)
(RTTNews) - The Federal Reserve released a report on Friday showing U.S. industrial production jum ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.