China’s Industrial Growth Tops Analysts Expectations

China’s Industrial Growth Tops Analysts Expectations

China’s Industrial Growth Tops Analysts Expectations

China’s industrial output grew 7.0% in April from a year earlier, much more than expected, but fixed-asset investment growth slowed to 7.0% in the 1st 4 months, below forecasts, official data showed Tuesday.

Analysts polled by Reuters had predicted industrial output growth would rise to 6.3%, bouncing back from a softer-than-expected 6.0% reading in March.

Investment growth had been expected to ease only slightly to 7.4% in the 1st 4 months from the same frame a year earlier, compared with 7.5% in January-March.

Private sector fixed-asset investment rose 8.4% in January-April, slowing from growth of 8.9% in Q-1.

Private investment accounts for about 60% of overall investment in China.

Retail sales rose 9.4%  in April from a year earlier, missing expectations of an increase of 10.0%, compared with a rise of 10.1% in March.

China’s economy grew at a slightly faster-than-expected pace of 6.8% in Q-1, well above Beijing’s target of around 6.5% for the full-year.

Some economists are holding by their forecasts that its momentum will cool later in the year, even if Beijing and Washington can reach a compromise in their heated trade dispute.

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :