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China Dec industrial output rises 6.2% y/y, above expectations

BY Reuters | ECONOMIC | 01/16/25 09:00 PM EST

BEIJING, Jan 17 (Reuters) - China's industrial output in December rose 6.2% from a year earlier, quickening from a 5.4% pace in November, pointing to resilience in the manufacturing sector amid stimulus measures, data showed on Friday.

The official data from the National Bureau of Statistics (NBS) beat expectations for a 5.4% rise in a Reuters poll of 38 analysts.

Retail sales, a gauge of consumption, grew 3.7% in December, up from 3.0% growth in November. Analysts had forecast a 3.5% rise.

Fixed asset investment expanded 3.2% in 2024, compared with an expected 3.3% increase. It rose 3.3% in the January-to-November period. (Reporting by Kevin Yao and Ethan Wang; Editing by Kim Coghill)

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