BEIJING (Reuters) – China's industrial output rose 5.4 percent from a year ago in November, accelerating from growth of 5.3 percent in October, indicating initial stabilization in the world's second-largest economy as the latest stimulus measures begin to gain momentum.
The data published by the National Bureau of Statistics on Monday exceeded expectations for a 5.3 percent rise in a Reuters poll of 26 analysts.
Retail sales, a measure of consumption, rose 3.0% in November, down from a 4.8% rise in October. Analysts had expected an expansion of 4.6%.
Investment in fixed assets increased by 3.3% in the period from January to November compared to the same period of the previous year, compared to an expected rise of 3.4%. It grew by 3.4% from January to October.
