ANL 15.49 Decreased By ▼ -0.71 (-4.38%)
ASC 14.00 Decreased By ▼ -0.63 (-4.31%)
ASL 20.00 Decreased By ▼ -0.04 (-0.2%)
BOP 8.70 Increased By ▲ 0.15 (1.75%)
BYCO 7.30 Decreased By ▼ -0.23 (-3.05%)
FCCL 16.98 Decreased By ▼ -0.52 (-2.97%)
FFBL 22.80 Decreased By ▼ -0.35 (-1.51%)
FFL 14.90 Decreased By ▼ -0.35 (-2.3%)
FNEL 7.06 Decreased By ▼ -0.29 (-3.95%)
GGGL 16.30 Decreased By ▼ -0.85 (-4.96%)
GGL 28.40 Decreased By ▼ -1.55 (-5.18%)
HUMNL 6.14 Increased By ▲ 0.18 (3.02%)
JSCL 20.40 Decreased By ▼ -0.28 (-1.35%)
KAPCO 28.50 Decreased By ▼ -0.49 (-1.69%)
KEL 3.41 Decreased By ▼ -0.07 (-2.01%)
MDTL 2.15 Increased By ▲ 0.04 (1.9%)
MLCF 32.48 Decreased By ▼ -1.12 (-3.33%)
NETSOL 101.45 Decreased By ▼ -4.55 (-4.29%)
PACE 4.20 Decreased By ▼ -0.13 (-3%)
PAEL 26.51 Decreased By ▼ -1.44 (-5.15%)
PIBTL 8.40 Decreased By ▼ -0.30 (-3.45%)
POWER 6.71 Decreased By ▼ -0.19 (-2.75%)
PRL 16.38 Decreased By ▼ -0.80 (-4.66%)
PTC 9.11 Decreased By ▼ -0.19 (-2.04%)
SILK 1.42 Decreased By ▼ -0.02 (-1.39%)
SNGP 42.50 Increased By ▲ 0.17 (0.4%)
TELE 16.45 No Change ▼ 0.00 (0%)
TRG 128.35 Decreased By ▼ -7.43 (-5.47%)
UNITY 28.69 Decreased By ▼ -1.21 (-4.05%)
WTL 2.28 Decreased By ▼ -0.12 (-5%)
BR100 4,607 Decreased By ▼ -60.66 (-1.3%)
BR30 20,274 Decreased By ▼ -617.96 (-2.96%)
KSE100 44,629 Decreased By ▼ -192.08 (-0.43%)
KSE30 17,456 Decreased By ▼ -65.93 (-0.38%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,312
1224hr
Pakistan Cases
1,266,204
55424hr
1.32% positivity
Sindh
466,432
Punjab
438,271
Balochistan
33,138
Islamabad
106,543
KPK
177,038
Business & Finance

China records strong factory output as recovery broadens

  • In April, the urban unemployment rate fell slightly to 5.1 percent, the NBS added.
Updated 17 May 2021

BEIJING: China's industrial output recorded strong growth in April after last year's pandemic-induced slump, official data showed Monday, but retail sales picked up less than expected amid uncertainty in the global economy.

The world's second-largest economy, where the coronavirus first surfaced in late 2019, was also the first to bounce back from strict virus lockdowns.

It was a recovery led by factory activity, with Chinese firms producing everything from protective gear to electronics and other consumer goods desired by global consumers stuck at home and ordering online.

Industrial output rose 9.8 percent on-year last month, in line with expectations.

"Production demand continued to grow... and the economy continued to stabilise and resume development," said the National Bureau of Statistics (NBS) on Monday.

But it cautioned that the global epidemic situation remained "complicated, and the recovery of the world economy is very uneven".

Retail sales grew 17.7 percent, but missed expectations.

In April, the urban unemployment rate fell slightly to 5.1 percent, the NBS added.

With vaccines being rolled out around the world, especially in the key US market, and economically painful lockdowns being eased, demand for China's goods picked up this year after falling off a cliff in 2020.

Although China's strong economic figures are in part attributable to last year's low base of comparison due to the virus outbreak, they show that recovery continues, with a broader rebound.

Comments

Comments are closed.