Economic Buzz: Chinas Industrial Production Rise 5% In October

15 Nov 2022 , 10:20 AM

Industrial production in China was up 5.0 percent on year in October, the National Bureau of Statistics reported. The bureau also said that retail sales fell 0.5 percent on year, missing forecasts for an increase of 1.0 percent after rising 2.5 percent in the previous month. Fixed asset investment was up an annual 5.8 percent, missing expectations for an increase of 5.9 percent, which would have been unchanged. The jobless rate in China was 5.5 percent in October, in line with expectations and unchanged from the September reading.Powered by Commodity Insights