PKIN, July 15 (Reuters) – Growth in industrial production in China slowed in June as retail sales exceeded analysts’ expectations.
According to official statistics released Thursday, industrial production rose 8.3% year-on-year last month, up from 8.8% in May.
This growth is higher than the expectations of analysts, who predicted an increase of 7.8%.
Retail sales rose 12.1% year-on-year in June, stronger than analysts expected (11.0%) after rising 12.4% in May.
Investments rose 12.6% in the first six months of the year compared to the same period a year earlier, compared to a forecast of 12.1% and a decline from the 15.4% jump recorded. from January to May.
The Chinese economy has rebounded widely after being hit by the coronavirus last year, thanks to strong demand and strong overseas orders boosting exports, but recent data suggests the recovery is slowing down a bit, l rising raw material costs and supply shortages hampering the activity of factories. (Kevin Yao and Roxanne Liu; French version Camille Raynaud)
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