BEIJING Aug 13 China's industrial output rose 9
percent in July from a year earlier, as expected, while retail
sales climbed 12.2 percent, a shade below forecasts, the
National Bureau of Statistics said on Wednesday.
Fixed-asset investment, an important driver of economic
activity, also missed forecasts, growing 17 percent in the first
seven months from the same period last year, it said.
Economists polled by Reuters had forecast industrial output
to rise 9 percent and retail sales to rise 12.4 percent.
Fixed-asset investment for the January-July period was seen up
China's annual economic growth cooled to an 18-month low of
7.4 percent in the first quarter of 2014 but edged back up to
7.5 percent in the second quarter thanks to a flurry of
government stimulus measures.
Some economists believe further stimulus may be needed to
sustain the recovery and offset the drag from the cooling
(Reporting by Koh Gui Qing; Editing by Kim Coghill)