Industrial Output in China Rose Beating Expectations
Industrial ouput in China rose in November, however economy still faces headwinds
Industrial output in China grew 3.8% in November from a year earlier which advanced from a 3.5% increase in October, according to official data on wednesday.
Growth in output increased from Reuters poll forecast of 3.6% year-on-year.
Meanwhile, retail sales in November rose 3.9% from a year earlier with Reuters poll forecast of 4.6% after rising 4.9% in October.
China’s economy faces heightened headwinds after gross domestic product hit the slowest pace in a year in the third quarter.
