China’s retail sales softened as industrial production and investment held more or less steady in spite of a weaker showing from exports last month.
Industrial production rose 6.1 per cent year on year in October, according to China’s National Bureau of Statistics, unchanged from September’s level and just below a median forecast from economists of 6.2 per cent.
That was in line with last month’s manufacturing PMIs, which showed an uptick in sector activity, and despite exports having fallen 7.3 per cent during the same period.
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