Industrial output rose 7% in April from a year earlier, the statistics bureau said Tuesday, versus a projected 6.4% in a Bloomberg survey and 6% in March. Retail sales expanded 9.4% from a year earlier, versus a forecast 10%. Fixed-asset investment rose 7% year-on-year in the first four months, compared with an estimated 7.4%. Property development investment in the first four months expanded 10.3% from the same period a year earlier. There are clouds on the horizon for exports, said Rajiv Biswas, chief Asia-Pacific economist at IHS Markit in Singapore.

Source: Mint May 15, 2018 06:33 UTC