China’s industrial output in May grew 6.8 percent

Workers assemble televisions on the production line of Tianle Group Co., Ltd on July 3, 2012 in Shengzhou of Zhejiang Province, China.

Feng Li | Getty Images

Workers assemble televisions on the production line of Tianle Group Co., Ltd on July 3, 2012 in Shengzhou of Zhejiang Province, China.

China’s industrial output grew 6.8 percent in May through a year earlier, missing expectations, while fixed-asset investment growth slowed to 6.1 percent from the first 5 months, well below forecasts, official data showed on Thursday.

Analysts polled by Reuters had predicted industrial output growth would likely dip only slightly to 6.9 percent through 7.0 percent in April.

Fixed-asset investment growth had been required to remain steady at 7.0 percent from the first 5 months of the year, the same pace as in January-April.

Private sector fixed-asset investment rose 8.1 percent in January-May, compared with an increase of 8.4 percent from the first four months. Private investment accounts for about 60 percent of overall investment in China.

Retail sales also missed expectations, rising 8.5 percent in May through a year earlier, versus expectations of an increase of 9.6 percent along with also also compared that has a rise of 9.4 percent in April.

Despite stronger-than-expected first-quarter growth, analysts polled by Reuters still expect China’s economic growth to cool gradually This particular year to around 6.5 percent, even if there are no direct shocks through its trade dispute with Washington.

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