BEIJING, April 16 (Reuters) – China’s industrial output rose 5.7% in March from a year earlier, slowing from 6.3% growth in January-February, as the fallout from the Iran war dampened momentum in the world’s second-largest economy.
The output data released by the National Bureau of Statistics (NBS) beat expectations for a 5.5% rise in a Reuters poll of 36 analysts.
Retail sales, a gauge of consumption, grew 1.7% in March, down from the 2.8% growth in January-February. Analysts had forecast a 2.3% rise.
Fixed asset investment expanded 1.7% in the first quarter, versus expectations for 1.9% growth. It increased 1.9% in the first two months.
(Reporting by Ethan Wang and Ryan Woo;Editing by Shri Navaratnam)
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