China’s November industrial output grows 4.8% y/y, retail sales up 1.3%

BEIJING, Dec 15 (Reuters) – China’s industrial output in November ‍rose 4.8% year-on-year, slowing from the 4.9% growth in October, while retail sales ‌growth slowed, official ‌data showed on Monday.

The industrial output data, released by the National Bureau ​of Statistics, missed a 5.0% increase ‍forecast ​in a Reuters ​poll.

Retail sales, a gauge ‍of consumption, grew 1.3%, after rising 2.9% in October, lagging forecasts for ‍a 2.8% gain.

Fixed asset investment shrank 2.6% in January-November ‍compared ‍with the ​same period last ​year, ⁠after a 1.7% ‌decline in January-October. Economists expected a 2.3% drop.

(Reporting by Beijing Newsroom; Editing by Sam ⁠Holmes)