[Breaking] China October Industrial Production Up 4.6% YoY... Retail Sales Up 7.6%

China's key economic indicators for September, including industrial production and retail sales, exceeded expectations, showing a favorable trend.

On the 15th, the National Bureau of Statistics of China announced that China's industrial production in October increased by 4.6% year-on-year. This figure surpasses both the previous month's figure (4.5%) and the forecast (4.3%).

Retail sales in the same month rose by 7.6% year-on-year, significantly exceeding the previous month's figure (5.5%) and the forecast (7.0%). China's unemployment rate in October stood at 5.0%, unchanged from the previous month.

However, fixed asset investment increased by 2.9% year-on-year, falling short of both the forecast and the previous month's figure (3.1%).

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