China on Monday reported economic data for the first two months of the year that beat analysts’ expectations.
Retail sales rose 5.5%, better than the 5.2% increase forecast in a Reuters' poll, while industrial production increased 7%, compared with estimates of 5% growth.Online retail sales of physical goods rose by 14.4% from a year ago during the first two months of the year.
Online retail sales of physical goods rose by 14.4% from a year ago during the first two months of the year. Retail sales did not rebound from the pandemic as strongly as many had expected as consumers have grown uncertain about their future income.
China Economic Data Retail Sales Industrial Production Online Retail Investment Real Estate Infrastructure Manufacturing
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