BEIJING (Reuters) – China’s industrial output rose 4.4% in June from a year earlier, unexpectedly up from 3.5% in May, but demand remained tepid amid a bumpy post-epidemic economic recovery.
Figures from the National Bureau of Statistics (NBS) on Monday beat expectations for a 2.7% rise in a Reuters poll of analysts.
Retail sales rose 3.1% in June, a slowdown from a jump of 12.7% in May. Analysts expected growth of 3.2%.
12 Fixed asset investment in the first six months increased by 3.8% year-on-year, compared with the expected increase of 3.5%. It increased 4.0% between January and May.
China’s post-epidemic economic recovery slowed sharply after a strong start to the first quarter, with the central bank promising more support to boost economic activity and consumer and business confidence.