China factory output and retail sales in November miss expectations
China's industrial output slowed and retail sales growth weakened in November, while the jobless rate held steady, the National Bureau of Statistics reported Monday.
Industrial production rose 4.8% year-on-year in November from a 4.9% increase in October, missing the 5.0% growth consensus forecast cited by FXStreet.
By sector, the value added of mining grew 6.3% year-on-year, and manufacturing rose 4.6%, while the production and supply of electricity, heat power, gas and water increased 4.3%.
The NBS data also showed that retail sales climbed 1.3% year-on-year in November from 2.9% growth in October, falling short of the 2.9% increase forecasted by FXStreet-cited.
Meanwhile, China's urban surveyed unemployment rate was unchanged at 5.1% in November.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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