Retail sales rose 5.5%, better than the 5.2% increase forecast in a Reuters’ poll, while industrial production increased 7%, compared with estimates of 5% growth.Fixed asset investment rose by 4.2%, more than the forecast of 3.2%.Online retail sales of physical goods rose by 14.4% from a year ago during the first two months of the year.
China’s economic data for the first two months of the year beat analysts’ expectations across the board on Monday.
Retail sales rose 5.5%, better than the 5.2% increase forecast in a Reuters poll, while industrial production climbed 7%, compared with estimates of 5% growth.
Fixed asset investment rose by 4.2%, more than the 3.2% estimated by analysts.
The unemployment rate in February for cities came in at 5.3%.
Online retail sales of physical goods rose 14.4% from a year earlier during the first two months of the year.
Investment into real estate fell 9% in the first two months of the year from a year ago. Investment in infrastructure rose by 6.3% while those in manufacturing increased by 9.4% during that time.
China retail sales, industrial data for first 2 months beats expectations (cnbc.com)
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