Industrial output growth quickened to 5.6 percent in August from a year earlier. Previous NextChina’s industrial output growth accelerated in August, while retail sales expanded for the first time this year, suggesting the economic recovery is gathering pace as demand starts to improve more broadly from the coronavirus crisis, Reuters reports. An annual decline in fixed-asset investment over January-August also moderated due to government stimulus efforts. Industrial output growth quickened to 5.6 percent in August from a year earlier, the fastest gain in eight months, data from the National Statistics Bureau showed today. Retail sales also gained by 0.5 percent on-year, snapping a seven-month downturn and beating analysts’ forecast for zero growth.

Source: The Standard September 15, 2020 03:11 UTC