China’s factory production and retail sales hit eight-month highs last month as consumer inflation rose from the lowest level in 33 months, adding to signs that the economy is reviving from a protracted slowdown, Reuters reported. Factory output grew 10.1% in November year-on-year, higher than predictions and the strongest expansion since March, according to figures from the National Bureau of Statistics released Sunday. In the same month, retail sales grew 14.9%, again beating forecasts, although fixed investment missed predictions, increasing 20.7% in January through November this year. China’s consumer price index increased 2% in November year-on-year, coming under predictions for a 2.1% gain, but lower than Beijing’s yearly 4% target. The data showed China is enjoying low inflation and economic expansion, which allows the government to step back from monetary and fiscal easing or change other restrictive policies if necessary, analysts said.
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