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China industrial output rises 9.8% year-on-year in April, retail sales up 17.7% year-on-year



© Reuters. FILE PHOTO: A labourer works at the Maanshan steel and iron factory in Hefei, Anhui province, March 9, 2010. REUTERS/Stringer

BEIJING (Reuters) – China’s industrial output grew 9.8% in April from a year ago, slower than the 14.1% surge in March, official data showed on Monday.

That matched a 9.8% on-year rise in a consensus forecast by analysts from a Reuters poll.

Retail sales rose 17.7% year-on-year in April, much weaker than a 24.9% uptick expected by analysts and down from the 34.2% jump seen in March.

Fixed asset investment increased 19.9% in the first four months from the same period a year earlier, versus a forecast 19.0% rise, slowing from January-March’s 25.6% increase.

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