China October Industrial Output Growth Tops Estimates at 10.3%

China’s industrial output rose 10.3 percent in October from a year earlier and retail sales gained 13.3 percent, the National Bureau of Statistics said on its website today.

Fixed-asset investment excluding rural households in the first 10 months of the year increased 20.1 percent, the Beijing-based agency said.

The advance in industrial production compared with the 10 percent median estimate in a Bloomberg News survey of 44 economists and a 10.2 percent increase in September. Retail sales (CNRSCYOY) compared with the median projection for a 13.4 percent advance and a 13.3 percent increase the previous month.

The median estimate for fixed-asset investment was a 20.2 percent increase after a 20.2 percent gain in the first nine months.

Data released earlier today showed consumer prices rose 3.2 percent in October from a year earlier, below the government’s 2013 target of 3.5 percent for a 10th month. Producer prices fell a more-than-estimated 1.5 percent, the 20th straight monthly decline.

--Nerys Avery. With assistance from Ailing Tan in Singapore. Editors: Nerys Avery, Scott Lanman

To contact Bloomberg News staff for this story: Nerys Avery at

To contact the editor responsible for this story: Paul Panckhurst at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to 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.