China November industrial output rises 5.4%, above expectations

BEIJING (Reuters) – China’s industrial output rose 5.4% from a yr earlier in November, quickening from October’s 5.3% development, signalling tentative stabilisation on the earth’s second-largest financial system as latest stimulus measures begin to acquire traction.

Knowledge launched on Monday by the Nationwide Bureau of Statistics beat expectations for a 5.3% rise in a Reuters ballot of 26 analysts.

Retail gross sales, a gauge of consumption, grew 3.0% in November, down from a 4.8% rise in October. Analysts had predicted a 4.6% enlargement.

Mounted asset funding elevated 3.3% in January-November from the identical interval a yr earlier, in contrast with an anticipated 3.4% rise. It grew 3.4% within the January to October interval.