Bloomberg News

China May Industrial Output Rises 9.2%, Trailing Estimates

June 09, 2013

China’s industrial output rose 9.2 percent in May from a year earlier and retail sales gained 12.9 percent, the National Bureau of Statistics said on its website today.

Fixed-asset investment excluding rural households in the first five months of the year increased 20.4 percent, the Beijing-based agency said.

The gain in industrial production compared with the 9.4 percent median estimate in a Bloomberg News survey of 39 economists and a 9.3 percent increase in April. Retail sales matched the median projection and compared with a 12.8 percent increase the previous month.

The median estimate for fixed-asset investment was a 20.5 percent increase after a 20.6 percent gain in the first four months.

Data released earlier today showed consumer prices rose 2.1 percent in May from a year earlier, easing from a 2.4 percent pace in April and below the government’s 2013 target of 3.5 percent for a fifth month. Producer-prices fell by a more-than-estimated 2.9 percent, the 15th straight monthly decline.

To contact Bloomberg News staff for this story: Scott Lanman in Beijing at slanman@bloomberg.net

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net


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