China November Industrial Output +6.1% on Year; Market Expected +6.1%

Features Dow Jones Newswires

Growth in China's industrial output decelerated for a second straight month in November as Beijing continued efforts to curb pollution and cut back on fiscal spending.

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Value-added industrial output, a rough proxy for economic growth, rose 6.1% in November from a year earlier, compared with a 6.2% increase in October, the National Bureau of Statistics said Thursday. The increase matched a forecast for a 6.1% rise by economists surveyed by The Wall Street Journal.

Industrial production rose 0.48% on-month in November, compared with 0.5% growth in October.

Growth in fixed-asset investment outside rural households slowed for a fifth straight month to 7.2% in the first 11 months of 2017 from a year earlier, compared with a 7.3% increase over the January-October period. The rise in fixed-asset investment, a closely watched indicator of construction activity, matched economists' forecast for a 7.2% gain.

Retail sales grew 10.2% on year in November, accelerating from a 10% rise in October. Economists had forecast 10.3% growth, citing the Singles' Day shopping event as a driver for higher sales.

Write to Lin Zhu at lin.zhu@wsj.com

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(END) Dow Jones Newswires

December 13, 2017 21:22 ET (02:22 GMT)