China's industrial output up 4.6% YoY in Oct, retail sales up 7.6% YoY

Total retail sales of consumer goods topped 38.54 trillion yuan ($5.37 trillion) in the January-October period—up by 6.9 per cent YoY.

The manufacturing sector expanded by 5.1 per cent in the month, while the production and supply of electricity, heat, gas and water rose by 1.5 per cent.

The output of state-controlled companies, joint-equity firms and private enterprises went up by 4.9 per cent, 5.6 per cent and 3.9 per cent YoY respectively last month.

Between January and October this year, industrial output rose by 4.1 per cent YoY, a state-controlled news agency.

The industrial output is used to measure the activity of enterprises, each with an annual main business turnover of at least $2.79 million.

ALCHEMPro News Desk (DS)