China’s Oct retail sales grow faster; industrial output up 5.3% YoY

China’s consumer goods retail sales rose by 4.8 per cent YoY in October, quickening from September’s 3.2-per cent rise.
In the first 10 months of 2024, such sales grew by 3.5 per cent YoY—0.2 pp higher than the January-September period.
The value-added industrial output grew by 5.3 per cent YoY and 0.41 per cent month on month in October.
Between January and October, it rose by 5.8 per cent YoY.