2023-09-15 06:50:00
© Archyde.com. Urgent – Industrial production and retail sales data rebound in China
Arabictrader.com – Data issued by the National Bureau of Statistics in China on Friday morning showed that the People’s Republic grew by 4.5% during the month of last August, on an annual basis, which is much higher than expectations that indicated a growth of regarding 3.9%, and it is also better than readers. The previous rate recorded by Chinese factories last July was 3.7%.
The data released today also indicated an increase in volume in China during the month of August by 4.6% on an annual basis, which was much higher than expectations that indicated a growth of only 3.0%, and it was also better than the 2.5% recorded during the previous month of July. .
At the same time, investment in fixed assets within China rose by 3.2% during the year ending in August, which is lower than market expectations of 3.4%, and also lower than the previous reading for the year ending in July, which also recorded 3.4%.
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