CHINA's economic activity worsened in November before Beijing abruptly dropped its Covid policy, with more disruptions to growth likely as infections surged, reports Bloomberg.
The contraction in retail sales widened to 5.9 per cent in November from a year ago, data from the National Bureau of Statistics showed, worse than the median forecast for a four per cent decline in a Bloomberg survey of economists.
Industrial output growth slowed to 2.2 per cent from five per cent in October, while fixed-asset investment growth weakened to 5.3 per cent in the first 11 months of the year. Both missed economists' expectations. The surveyed jobless rate climbed to 5.7 per cent, the highest since May.
SeaNews Turkey
The contraction in retail sales widened to 5.9 per cent in November from a year ago, data from the National Bureau of Statistics showed, worse than the median forecast for a four per cent decline in a Bloomberg survey of economists.
Industrial output growth slowed to 2.2 per cent from five per cent in October, while fixed-asset investment growth weakened to 5.3 per cent in the first 11 months of the year. Both missed economists' expectations. The surveyed jobless rate climbed to 5.7 per cent, the highest since May.
SeaNews Turkey
