The pace of China's industrial output and retail sales each underwhelmed in October, suggesting the economic slowdown in the world's second largest economy continued into the third quarter.
The National Bureau of Statistics said industrial production in China slowed to a pace of 7.7 per cent year-on-year in October, versus forecasts that it would stay at 8 per cent. Still, this is a better figure than the 6.9 per cent growth registered in August - its lowest since 2008.
Moody's Analytics said before the figures came out that output has been weak owing of a soft housing market. They said output in September recovered thanks in part to gains in export manufacturing including electronics makers.
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