China’s retail sales growth less than expected, industrial production outpace

Chinese retail sales missed expectations in November, growing by 3.9% in November on an annual basis, less than the 4.6% forecast in a Reuters poll.

It came as car sales have fallen in recent months, despite Singles’ Day sales in China in early November.

On the other hand, industrial production grew 3.8% in November compared to last year, exceeding the poll’s forecast of 3.6%.

Investment in fixed assets for the year to November grew 5.2% from the same period last year, slower than the poll’s forecast of 5.4%.