China July Industrial Output Growth Tops Estimates at 9.7%

Photographer: Tomohiro Ohsumi/Bloomberg

Dancers perform on a platform in the atrium of the K11 Art Mall during its opening in Shanghai. Retail sales in China compared with the median projection for a 13.5 percent advance and a 13.3 percent increase the previous month. Close

Dancers perform on a platform in the atrium of the K11 Art Mall during its opening in... Read More

Close
Open
Photographer: Tomohiro Ohsumi/Bloomberg

Dancers perform on a platform in the atrium of the K11 Art Mall during its opening in Shanghai. Retail sales in China compared with the median projection for a 13.5 percent advance and a 13.3 percent increase the previous month.

China’s industrial output rose 9.7 percent in July from a year earlier and retail sales gained 13.2 percent, the National Bureau of Statistics said on its website today.

Fixed-asset investment excluding rural households in the first seven months of the year increased 20.1 percent, the Beijing-based agency said.

The advance in industrial production compared with the 8.9 percent median estimate in a Bloomberg News survey of 47 economists and an 8.9 percent increase in June. Retail sales compared with the median projection for a 13.5 percent advance and a 13.3 percent increase the previous month.

The median estimate for fixed-asset investment was a 20 percent increase after a 20.1 percent gain in the first half.

Data released earlier today showed consumer prices rose 2.7 percent in July from a year earlier, below the government’s 2013 target of 3.5 percent for a seventh month. Producer-prices fell 2.3 percent, the 17th straight monthly decline.

--Scott Lanman. Editors: Nerys Avery, Scott Lanman

To contact Bloomberg News staff for this story: Scott Lanman at slanman@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.