China April industrial output rises 5.6%, retail sales jump 18.4%; below expectations

Spread the love

China’s industrial output grew 5.6% in April from a year earlier, official data showed on Tuesday, missing expectations by a large margin but accelerating from a 3.9% gain seen in March. Retail sales jumped 18.4%, missing forecasts for a 21.0% increase. It was significantly faster than the 10.6% increase in March and marked the quickest growth since March 2021. Fixed asset investment expanded 4.

7% in the first four months of 2023 from the same period a year earlier, versus expectations for a 5.5% rise. It grew 5.1% in the January-March period.

Reporting by Albee Zhang, Ellen Zhang and Joe Cash Editing by Shri Navaratnam

Read more:
Reuters »

Rashida Tlaib on the GOP’s efforts to rewrite Palestinian history

Congresswoman Rashida Tlaib was planning to host an event at the Capitol to mark the 75th anniversary of the “nakba”, otherwise known as the Palestinian Catastrophe. That is until House Speaker Kevin McCarthy canceled it. MSNBC’s Ayman Mohyeldin speaks to Congresswoman Tlaib on the GOP’s efforts to silence her and rewrite Palestinian history. Read more >>

China’s April Retail Sales rise 18.4%, Industrial Output increases 5.6%China’s April Retail Sales YoY, jumped 18.4% vs. 21.0% expected and 10.6% previous while the country’s Industrial Production came in at 5.6% YoY vs. 1

China’s NBS: National economy sustained recovery momentum in AprilFollowing the release of the key economic data from China for April, the country’s National Bureau of Statistics (NBS) released a statement, via Reute

‘Free tattoo Tuesday’: Iconic Baltimore brand partners with museum to offer complimentary body artSpice company and Baltimore-based museum offering choice of three designs

It’s A Very Bad Tuesday To Be Wally West (Flash & Titans Spoilers)This Tuesday sees the release of Flash 799 and Titans 1, both featuring Wally West as The Flash. And it doesn’t start well for Wally, in Titans 1.

Clayton Kershaw’s mother dies; he plans to pitch TuesdayThe mother of Clayton Kershaw died on Saturday. Dodgers manager Dave Roberts said the plan is for Kershaw to pitch Tuesday against the Twins.

Biden expects to meet lawmakers Tuesday for debt talks, says he is optimisticU.S. President Joe Biden said on Sunday he expects to meet with congressional leaders on Tuesday for talks on a plan to raise the nation’s debt limit and avoid a catastrophic default.

Source link