China Industrial Output, Retail Sales Accelerate But Property Clouds Outlook

16 March 2022

China's industrial output and retail sales grew more quickly than expected in October, despite fresh curbs to control COVID-19 outbreaks and supply shortages, but the slowing property sector weighed on the economic outlook.

The industrial output growth beat expectations of a 3.0% year-on-year increase in a Reuters poll of analysts, but remained the second lowest print this year.

Industrial output rose 7.5% in January-February from a year earlier.

Source:  Reuters
Post by: Republic of Turkiye Ministry of Trade