Industrial output in China expanded at a faster pace in September after sharp decelerations in the previous two months, reflecting the resilience of the world's second-largest economy.
Value-added industrial output, a rough proxy for economic growth, rose by 6.6% in September from a year earlier, compared with a 6.0% increase in August, the National Bureau of Statistics said Thursday. The increase beat a median forecast of 6.5% growth by economists surveyed earlier by The Wall Street Journal.
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The data came after figures showed China's economy slowed slightly in the third quarter, as Beijing's efforts to cut debt levels and curb property speculation weighed on growth.
On a sequential basis, industrial production increased 0.56% in September from the previous month, compared with a 0.46% gain in August.
Fixed-asset investment outside rural households--a key gauge of construction activity--climbed 7.5% in the first nine months from a year earlier, slowing from a 7.8% increase over the January-August period. Economists in the pol forecast a 7.8% gain.
Retail sales expanded 10.3% in September from a year earlier, accelerating from a 10.1% increase in August. The reading was higher than a median forecast for a 10.2% rise in September.
Retail sales rose 0.9% in September from the previous month, compared with compared with a 0.76% rise in August.
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(END) Dow Jones Newswires
October 18, 2017 22:31 ET (02:31 GMT)