Growth in China’s industrial production, a measure of output at factories, workshops and mines, accelerated in November to its highest level since June, official data showed Saturday, a bright spot for the world’s second-largest economy as it struggles with slowing growth.
Industrial output increased 6.2 percent last month from a year ago, the National Bureau of Statistics (NBS) said, the first increase since August and a significant jump over October’s figure of 5.6 percent.
The numbers are higher than a median forecast of 5.7 percent increase in a survey of economists by Bloomberg News.
Retail sales rose 11.2 percent to their highest level this year, the data showed, after last month’s national online shopping day generated more than $14 billion in sales.
Fixed asset investment was up 10.2% in the period from January to November — the same pace as reported in October for the first ten months of the year, according to the statistics.