ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Economy

China May industrial output weaker than expected; investment, retail sales also miss

BEIJING (Reuters) -- China's industrial output grew 6.8 percent in May from a year earlier, missing expectations, while fixed-asset investment growth slowed to 6.1 percent in the first five months, well below forecasts, official data showed on Thursday.

Analysts polled by Reuters had predicted industrial output growth would dip only slightly to 6.9 percent from 7.0 percent in April.

Fixed-asset investment growth had been expected to remain steady at 7.0 percent in the first five months of the year, the same pace as in January-April.

Private sector fixed-asset investment rose 8.1 percent in January-May, compared with an increase of 8.4 percent in the first four months. Private investment accounts for about 60 percent of overall investment in China.

Retail sales also missed expectations, rising 8.5 percent in May from a year earlier, versus expectations of an increase of 9.6 percent and compared with a rise of 9.4 percent in April.

Despite stronger-than-expected first-quarter growth, analysts polled by Reuters still expect China's economic growth to cool gradually this year to around 6.5 percent, even if there are no direct shocks from its trade dispute with Washington.

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

3 months for $9

Get unlimited access
NAR site on phone, device, tablet

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media