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China industrial output gathers pace in Oct.

11-10-2012 14:39 BJT Special Report:China's Economic Data |

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China’s macro figures doesn’t stop at just CPI and PPI today, there’s a whole series of others as well.

China’s annual industrial output growth quickened to 9.6 percent year on year in October, beating market expectations of 9.4 percent. Fixed asset investment also ticked higher, year-to-date investment rose an annual 20.7 percent, faster than the 20.5 percent posted in the first nine months of the year. The two numbers are seen as key barometers of both domestic activity and output from the country’s export-oriented factory sector. The results do cement investors’ expectations of a modest rebound in the final three months of this year.

Retail sales also beat forecasts, rising 14.5 percent last month from a year ago. Many economists believe that a seven-quarter long cyclical downturn in China’s growth has ended in the third quarter.

 

Editor:Lu Jiaying |Source: CCTV.com

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