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China's factory output rises 5.7% in March, retail sales growth slips to 1.7%

BY Reuters | ECONOMIC | 10:01 PM EDT

BEIJING, April 16 (Reuters) - China's industrial output rose 5.7% in March from a year earlier, slowing from 6.3% growth in January-February, as the fallout from the Iran war dampened momentum in the world's second-largest economy.

The output data released by the National Bureau of Statistics (NBS) beat expectations for a 5.5% rise in a Reuters poll of 36 analysts.

Retail sales, a gauge of consumption, grew 1.7% in March, down from the 2.8% growth in January-February. Analysts had forecast a 2.3% rise.

Fixed asset investment expanded 1.7% in the first quarter, versus expectations for 1.9% growth. It increased 1.8% in the first two months. (Reporting by Ethan Wang and Ryan Woo; Editing by Shri Navaratnam)

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