China March industrial output up 6.0 percent, misses prospect, January-March investment growth deaccelerates

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Beijing (Reuters) : A data report on Tuesday showed that industrial output of China grew 6.0 percent in March from a year before, missing expectations, while fixed-asset investment growth slowed to 7.5 percent in the first quarter, also below forecasts.

Investment growth had also been likely to experience easiness, to 7.6 percent in the first three months of the year, from 7.9 percent in January-February.

The National Bureau of Statistics on Tuesday said private-sector fixed-asset investment rose to 8.9 percent in January-March, which is compared with an increase of 8.1 percent in the first two months.

Private investment accounts about 60 percent of the whole asset in China.

Retail sales rose 10.1 percent from a year earlier in March, defeating the hope of an increase of 9.9 percent, compared to the rise of 9.7 percent in the first two months.

An economic growth target of around 6.5 percent has been set by the government this year, the same goal as in 2017. Actual growth last year came in much stronger at 6.9 percent, due mainly to an infrastructure-led construction bang, resurgent exports and record bank lending.

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