China Economic Expansion Exceeds Estimates on Factory Rebound – Bloomberg

19 Jul 2017   China

China’s economy maintained its momentum last quarter, as global trade and domestic demand spurred a pickup at the nation’s factories.

Key Points

  • Gross domestic product increased 6.9 percent in the second quarter from a year earlier, compared with a 6.8 percent median estimate in a Bloomberg survey, matching the pace of expansion in the first quarter
  • Industrial output rose 7.6 percent in June from a year earlier, compared with an estimated 6.5 percent increase
  • Fixed-asset investment climbed 8.6 percent in the first half of this year, versus a median forecast of 8.5 percent gain
  • Retail sales jumped 11 percent from a year earlier in June, compared with a median estimate of 10.6 percent in a Bloomberg survey

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