The Brains Trust - 2023, page-2082

CNBC

China reports fastest industrial expansion in nearly 2 years; retail sales growth misses estimates
PUBLISHED THU, DEC 14 20239:12 PM ESTUPDATED FRI, DEC 15 2023AT 3:17 EST

KEY POINTS

• China’s industrial output grew 6.6% in November from a year earlier, outpacing expectations for 5.6% in a Reuters poll and follows a 4.6% rise in October.
• Retail sales climbed 10.1% in November from a year ago, the fastest pace of growth since May — though analysts had expected a 12.5% spike following a low base in 2022. Retail sales rose 7.6% in October.
• Fixed asset investment in urban areas cumulatively grew 2.9% in the first 11 months of the year, compared to expectations for 3% growth.
• China’s urban unemployment rate stayed at 5% in November.