China's factory output falls to 5.9%

Monday, 13/06/2016 | 09:53 GMT

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China's May retail sales and fixed-asset investment cooled unpredictably while the output growth stabilized.

According to the National Bureau of Statistics (NBS) today, the nation's factory output fell slightly from 6% to 5.9%.

As per the analysts' statement, the property market and the governmental infrastructure supported the nation's industrial output.

China's F.A investment falls to 9.6%

The fixed asset investment dropped, for January through May, to 9.6%. Private firms resumed facing declination in their fixed investment growth, rising 3.9%, being lower than the 5.2% growth of January through April.

The property sales climbed 33.2% while the investment on real estates rose 7.0% the first 5 months in 2016.

Moreover, May's retail sales for both, the government and private purchasing slowed to 10.0% and differed from the economists' estimates for stabilization at 10.1%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-s-factory-output-falls-to-5.9

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