Although the Chinese economy has been under the pressure of increasing coronavirus cases and the closure measures against it, the economic data for the first two months of the year showed that the country's economy maintains its strength.
In the January-February period, industrial production in the country increased by 7.5 percent compared to the same period of the previous year. Economists participating in the Bloomberg survey expected the increase to be 4 percent. Industrial production increased by 4.3 percent in December.
A performance exceeding expectations was also recorded in retail sales in the country. Accordingly, in the first two months of the year, retail sales increased by 6.7 percent. The expectation for this data was recorded as 3 percent. Retail sales in the country increased by 1.7 percent in December.
Investments, on the other hand, increased by 12% in the same period. Here the expectation was 5%.
The unemployment rate in the country rose to 5.5 percent last month due to seasonal effects.
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