China Output Tops Forecast as ‘Robust’ Demand Aids World Growth
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China’s industrial output rose at a faster pace in August than analysts estimated, signaling the world’s third-biggest economy is maintaining momentum as growth moderates.
Production gained 13.9 percent from a year earlier, more than the 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing yesterday. Consumer prices jumped 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent.