BEIJING (Reuters) – China’s industrial output grew 8.3% in June from a 12 months earlier, slowing from a 8.8% rise in Might, official knowledge confirmed on Thursday.
However the determine was greater than a 7.8% rise forecast in a Reuters ballot of analysts.
Retail gross sales rose 12.1% from a 12 months earlier in June. Analysts had anticipated an 11.0% enhance after Might’s 12.4% rise.
Mounted asset funding grew 12.6% within the first six months of the 12 months from the identical interval a 12 months earlier, versus a forecast 12.1% rise and down from a 15.4% bounce in January-Might.
China’s economic system has largely rebounded from the coronavirus hit final 12 months due to pent-up demand and sturdy international orders for its exports, however latest knowledge has advised the restoration is dropping some steam with elevated uncooked materials prices and provide shortages hurting manufacturing unit exercise.
(Reporting by Kevin Yao and Roxanne Liu; Enhancing by Ana Nicolaci da Costa)