BEIJING: China’s industrial output rose in October while retail sales slightly dropped, official data showed on Tuesday.
The industrial output grew 5 percent last month from a year earlier, compared with a 3.8-percent expansion in July, per the data from the National Bureau of Statistics.
The output, which measures the activity of designated large enterprises with an annual business turnover of at least 20 million yuan (about $2.81 million), came under Reuters poll of analysts’ expectation of 5.2 percent.
The manufacturing sector’s output rose 5.2 percent year on year.
–The Daily Mail-CGTN news exchange item
