China Dec industrial output rises 6.2% y/y, above expectations
ReutersJan 17, 2025 2:00 AM
BEIJING, Jan 17 (Reuters) - China's industrial output in December rose 6.2% from a year earlier, quickening from a 5.4% pace in November, pointing to resilience in the manufacturing sector amid stimulus measures, data showed on Friday.
The official data from the National Bureau of Statistics (NBS) beat expectations for a 5.4% rise in a Reuters poll of 38 analysts.
Retail sales, a gauge of consumption, grew 3.7% in December, up from 3.0% growth in November. Analysts had forecast a 3.5% rise.
Fixed asset investment expanded 3.2% in 2024, compared with an expected 3.3% increase. It rose 3.3% in the January-to-November period.
(Reporting by Kevin Yao and Ethan Wang; Editing by Kim Coghill)
((ethan.wang@thomsonreuters.com))
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