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The Associated Press November 10, 2009, 9:17PM ET

China retail sales, industrial output up in Oct

BEIJING

China says retail sales and industrial output both jumped in October from the same month a year earlier, further signs that its economic recovery is firmly on track.

Statistics Bureau spokesman Sheng Laiyun told a news conference Wednesday that retail sales were up 16.2 percent in October, year on year.

Industrial output was up 16.1 percent in October from the same month a year earlier, while fixed asset investment for the first 10 months of the year was up 33.1 percent, from the same period in 2008.

The consumer price index for October was down 0.5 percent, year on year, Sheng said.


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