Retail sales in China recorded an annual jump of 33.8% in January-February, after the + 4.6% in December and the + 32% expected by the markets, thanks to consumption linked to the Lunar New Year. The surge, according to data released by the National Statistics Office, then benefited from the comparison with the first two months of 2020, particularly negative due to the collapse in consumption in the midst of the Covid-19 pandemic.
Industrial production in China leaps by 35.1% annually in the first two months of 2021, after + 7.3% in December and against a consensus of analysts set at + 30%, however, comparing with a January-February 2020 characterized by the blocking of activities in the middle of the crisis linked to Covid-19. The data, according to what was communicated by the National Statistics Office, confirms the economic recovery trend from the pandemic, highlighting strongly advanced sectors such as mining production (+ 17.5% from + 4.9% in December), utility (+ 19.8% from + 6.1%) and manufacturing (+ 39.5% from + 7.7%).
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