China’s industrial output and retail sales increased between January and February

March 17, 2023

According to statistics from the National Bureau of Statistics, China’s industrial output and retail sales increased between January and February.

Industrial production increased by 2.4 percent annually in the months of January and February, outpacing the 1.3 percent growth recorded in December. The predicted increase in production was 2.6 percent.

In contrast to December’s 1.8 percent drop, retail sales increased by 3.5 percent from the previous year. The percentage was consistent with predictions.

Fixed asset investment grew 5.5 percent annually in the first two months of the year, exceeding analysts’ expectations of 4.4 percent.

Source: RTT NEWS
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