China industrial output up 6.3% on-year in August: Govt

BEIJING: China's industrial output growth accelerated in August, government statistics showed Tuesday (Sep 13) , exceeding expectations in an encouraging sign for the world's second-largest economy.

Industrial output, which measures production at the country's factories and mines, rose 6.3 per cent year-on-year, the National Bureau of Statistics (NBS) said, faster than July's 6.0 per cent and above the median forecast of 6.2 per cent in a Bloomberg News poll of economists.

Retail sales rose 10.6 per cent in August, the NBS said, also ahead of expectations and the July figure, while fixed asset investment was up 8.1 per cent in the first eight months of the year.