BEIJING, Dec 15 (Reuters) – China’s industrial output in November rose 4.8% year-on-year, slowing from the 4.9% growth in October, while retail sales growth slowed, official data showed on Monday.
The industrial output data, released by the National Bureau of Statistics, missed a 5.0% increase forecast in a Reuters poll.
Retail sales, a gauge of consumption, grew 1.3%, after rising 2.9% in October, lagging forecasts for a 2.8% gain.
Fixed asset investment shrank 2.6% in January-November compared with the same period last year, after a 1.7% decline in January-October. Economists expected a 2.3% drop.
(Reporting by Beijing Newsroom; Editing by Sam Holmes)
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