China-Industrial production and retail sales beat forecasts in August | Photo credits: atiger / Shutterstock.com
BEIJING, Sept 16 (Reuters) – China’s industrial production rose 4.2% year on year in August, from 3.8% the previous month, official data showed on Friday.
Analysts polled by Reuters expected growth of 3.8%.
Retail sales rose 5.4%, beating the consensus of 3.5%, after rising 2.7% in July.
Fixed capital investments increased by 5.8% over the first eight months of the year compared to the same period the previous year. The consensus stood at 5.5%.
The data shows some improvement in the recovery of the world’s second-largest economy, which has suffered from a slump in the housing sector, prolonged restrictions linked to the coronavirus epidemic and slowing domestic and external demand.
(Report Kevin Yao and Ellen Zhang; French version Camille Raynaud)