Chinese economic data for April points to extreme rebounce

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Chinese industrial production increased sharply again in April, but less than in the first months of this year. This was shown by government figures on Monday.

Production increased by 9.8 percent, after a plus of more than 14 percent in March and more than 35 percent in the first two months of this year. On a monthly basis, April saw an increase of 0.52 per cent.

Retail sales in China also increased sharply in April, but less than in previous months. This was shown by government figures on Monday.

Sales increased 17.7 percent year-on-year in April. The previous months showed increases of over 30 percent.

On a monthly basis, there was an increase of 0.32 per cent in April, after a plus of 0.94 per cent in March.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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