China factory output and investment growth unexpectedly accelerated in the first two months of the year amid robust global demand.
Industrial output climbed 7.2 percent in January and February from a year earlier, compared with the 6.2 percent projection in Bloomberg’s survey and 6.6 percent in December.
Retail sales rose 9.7 percent from a year earlier, the statistics bureau said Wednesday, versus a 9.8 percent estimate and 9.4 percent in December.
Fixed-asset investment excluding rural households increased 7.9 percent, compared with a 7 percent projection and 7.2 percent pace in 2017.
The statistics bureau combines January and February data to smooth out effects of the Lunar New Year, when factories and offices shut for weeks.
Source : Bloomberg