Small font size A Larger text size A Largest text size A

China October industrial output rises 5.3%, misses expectations

BY Reuters | ECONOMIC | 11/14/24 09:07 PM EST

BEIJING, Nov 15 (Reuters) - China's October industrial output grew 5.3% from a year earlier, slowing from September's pace of 5.4%, reflecting concern about confidence and demand woes confronting a sluggish economy and keeping alive calls for even more stimulus.

Data released on Friday by the National Bureau of Statistics missed expectations for a rise of 5.6% in a Reuters poll of 43 analysts.

Retail sales, a gauge of consumption, grew 4.8% in October, up from a 3.2% increase in September. Analysts had forecast retail sales to expand 3.8%.

Fixed asset investment rose 3.4% in the first 10 months of 2024 from the year-earlier period, compared with an expected rise of 3.5%. It grew 3.4% in the period from January to September. (Reporting by Kevin Yao, Joe Cash and Ethan Wang; Editing by Clarence Fernandez)

More Fixed Income News

Cyprus says Moody's A3 upgrade vote of confidence in economy BY Reuters |CORPORATE 02:31 AM EST
Cambodia's flagship canal in hot water as China funding dries up BY Reuters |ECONOMIC 11/22/24 11:06 PM EST
AM Best Upgrades Credit Ratings of Investors Life Insurance Company of North America BY Business Wire |CORPORATE 11/22/24 06:22 PM EST
Form 424B2 ROYAL BANK OF CANADA BY EDGAR SEC Filings |ECONOMIC 11/22/24 05:17 PM EST

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article