News: China industrial output rises 35.1% year-on-year in January-February.
BEIJING (Reuters) – China’s industrial production rose 35.1% year-over-year from January to February, faster than the 7.3% increase in December, official data on Monday showed, reflecting a rebound that should support solid economic growth , gives further dynamism.
The number surpassed a 30.0% year-over-year increase that analysts expected in a Reuters poll.
Retail sales rose 33.8% year over year for the first two months, compared to a 32% increase reported by analysts, a sharp jump from the 4.6% growth seen in December and after a 20.5% decline means for January to February 2020.
Fixed investments rose by 35% in the first two months compared to the same period of the previous year and thus more slowly than forecast by 40.0%. That compared to a year-over-year growth of 2.9% in 2020 and a drop of 24.5% in January and February last year.
Reporting by Kevin Yao; Additional coverage from Roxanne Liu; Editing by Sam Holmes
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