Analysts had expected a 6.5 percent rise in China's industrial output. AFPChina’s industrial output rose at a faster-than-expected pace in October, while retail sales continued to recover albeit at a slower-than-forecast pace as the world’s second-largest economy emerged from its Covid-19 slump. Industrial output climbed 6.9 percent in October from a year earlier, data from the National Statistics Bureau showed, in line with September’s gain. Retail sales, meanwhile, rose 4.3 pear year on year, faster than a 3.3 percent increase in September. China’s auto industry reported a 12.5 percent growth in October vehicle sales due to surging demand for electric cars and trucks.

Source: The Standard November 16, 2020 11:03 UTC