News Formal

China economy: Retail sales boom in September but GDP misses estimates - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

China's economic recovery from the pandemic is accelerating, but not as quickly as forecast

People line up in Apple store to make an appointment to buy iPhone se2, Shanghai, China, April 24, 2020. Apple's new iPhone se2 mobile phone officially landed in major apple stores in Shanghai.China's retail sales rose 3.3% in September, beating analysts' estimates for a 1.8% rise. China's GDP rose 4.9% in the third quarter, behind expectations for a 5.2% rise.

Retail sales rose by 3.3% year-on-year in September, following a 0.5% rise in August and above expectations for a 1.8% rise. This was the steepest increase since last December, as easing COVID-19 restrictions encouraged a boost in consumer spending.

Industrial production in China rose by 6.9% year-on-year in September, marking its sixth consecutive month of growth and the fastest since December 2019, with mining and manufacturing activity staging strong increases.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🔥 Check It Out 🔥

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the Amex Centurion Lounge at JFK Airport; tour, photos, details - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. EndSARS EndBadGovernmentinNIGERIA EndPoliceBrutalityinNigeria 🔥 Check It Out 🔥 Fantastic very clean and elegant
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks in Japan to open higher as investors await China's GDP dataInvestor focus on Monday will be on China's GDP print for the third quarter, as well as industrial production and retail sales data for September.
Source: CNBC - 🏆 12. / 72 Read more »

China: Luxury goods sales rise but European brands are missing out - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »