China's Industrial Output Revs Up

Senior Airman John Linzmeier of the Hawaii National Guard observes a lava flow in the Leilani Estates subdivision during ongoing eruptions of the Kilauea Volcano in Hawaii U.S

Senior Airman John Linzmeier of the Hawaii National Guard observes a lava flow in the Leilani Estates subdivision during ongoing eruptions of the Kilauea Volcano in Hawaii U.S

That topped expectations for an increase of 6.4% and was up from 6.0% in March.

Industrial output in China was up 7.0% on year in April, the National Bureau of Statistics said on Tuesday.

However, it is worth noticing that the economy faces growing external uncertainties and acute problems of unbalanced and inadequate domestic development, Liu added.

Meanwhile, coke output in April fell 3.6 percent from the same month a year ago to 36.72 million tonnes, but still stood at its highest monthly level since September 2017.

Output of new energy vehicles saw a surge of 82.2 percent year on year during the period, while industrial robot production jumped by 35.4 percent, NBS data showed.

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Output in the mining sector fell 0.2 percent year on year amid a government drive to restructure and optimize the industry.

China's second-largest producer, China Coal Energy Co., previously said it produced 6.4 million tonnes of coal in April, up more than 6 percent compared with the same period past year.

Analysts polled by Reuters had predicted industrial output growth would rise to 6.3%, bouncing back from a softer-than-expected 6.0% reading in March.

The bureau also said that retail sales advanced an annual 9.4% - missing forecasts for 10.0% and down from 10.1% in the previous month.

Fixed asset investment picked up 7.0% on year, shy of expectations for 7.4% and down from 7.5% a month earlier.

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