The international agency for statistics announced on Friday that retail sales rose by 4.8% year on year. Investments in fixed assets for the year to date have increased by 3.4%, which is slightly lower than the forecast of 3.5%. These indicators turned out to be higher than the 3.8% expected in a survey conducted by Reuters, and represent an increase compared to 3.2% in September. Industrial production rose by 5.3%, which is lower than the growth forecast of 5.6%.
Speaking about China, it was announced on Friday about a strong growth in retail sales and a decline in investments in real estate in October. This indicates that the last stimulus, given to the country, has effectively supported certain sectors of its struggling economy.
