China’s industrial production rose by more than expected in August, the latest sign that the world’s second-largest economy may be on the mend.
Factory output climbed by 10.4% from a year earlier. Most analysts had forecast a figure closer to 9.9%.
Other data released on Tuesday showed that retail sales and fixed asset investment also rose during the month.
China has been trying to boost its economy after its growth rate slowed for two quarters in a row.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.