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Monday, December 9, 2013

China Industrial Production Slows as Retail Sales Top Estimates

By Bloomberg News Dec 9, 2013

China’s industrial production rose less than estimated last month as retail sales unexpectedly accelerated, data from the National Bureau of Statistics showed today.
Factory production rose 10 percent from a year earlier, the agency said in Beijing, compared with analysts’ median projection of 10.1 percent in a Bloomberg News survey. Retail sales advanced 13.7 percent in November, while fixed-asset investment excluding rural households increased 19.9 percent in the January-to-November period.

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