BEIJING--China's industrial production and consumption expanded at a faster-than-expected pace in November, indicating a possible rebound in activity after Beijing moved to arrest an economic slowdown in the country.
Value-added industrial output in China rose 6.2% last month from a year earlier, accelerating from a 4.7% year-over-year increase in October, the National Bureau of Statistics said Monday.
November's increase also exceeded the median forecast for a 5.0% increase in a Wall Street Journal poll of 15 economists.
Retail sales climbed 8.0% in November from a year earlier, compared with October's 7.2% increase and beating a median forecast for 7.6% growth.
Fixed-asset investment in China's urban areas rose 5.2% in the first 11 months from a year earlier. Growth in the closely watched indicator of construction activity matched the 5.2% increase recorded in the January-October period and the growth rate expected by polled economists.
--Liyan Qi
(END) Dow Jones Newswires
December 15, 2019 21:16 ET (02:16 GMT)
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December 16, 2019 at 09:16AM
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