Economic news

China's Factory Output Rises 5.7% in Mar, Retail Sales Growth Slips to 1.7%

BEIJING, April 16 (Reuters) - China's industrial output rose 5.7% in March from ​a year earlier, slowing ​from 6.3% growth in January-February, ⁠as the fallout from ​the Iran war dampened momentum ​in the world's second-largest economy.

The output data released by the National Bureau ​of Statistics (NBS) beat expectations ​for a 5.5% rise in a ‌Reuters ⁠poll of 36 analysts.

Retail sales, a gauge of consumption, grew 1.7% in March, down ​from the ​2.8% ⁠growth in January-February. Analysts had forecast a ​2.3% rise.

Fixed asset investment ​expanded ⁠1.7% in the first quarter, versus expectations for 1.9% ⁠growth. ​It increased 1.8% in the ​first two months.

Reporting by Ethan Wang and ​Ryan Woo; Editing by Shri Navaratnam

Source: Reuters


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