China industrial output up 6.2% in November from 2014: govt | business | Hindustan Times
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China industrial output up 6.2% in November from 2014: govt

Growth in China’s industrial production, a measure of output at factories, workshops and mines, accelerated in November to its highest level since June, official data showed Saturday, a bright spot for the world’s second-largest economy as it struggles with slowing growth.

business Updated: Dec 12, 2015 17:19 IST
China
Workers ride on their tricycle along a road in downtown Shanghai.(AFP photo)

Growth in China’s industrial production, a measure of output at factories, workshops and mines, accelerated in November to its highest level since June, official data showed Saturday, a bright spot for the world’s second-largest economy as it struggles with slowing growth.

Industrial output increased 6.2% in November from a year ago, the National Bureau of Statistics (NBS) said, the first increase since August and a significant jump over October’s figure of 5.6%.

The numbers are higher than a median forecast of 5.7% increase in a survey of economists by Bloomberg News.

Retail sales rose 11.2% to their highest level this year, the data showed, after last month’s national online shopping day generated more than $14 billion in sales.

Fixed asset investment was up 10.2% in the period from January to November -- the same pace as reported in October for the first ten months of the year, according to the statistics.