Mixed month for Shanghai
Print Edition
SHANGHAI’S industrial production in April fell 5.8 percent year on year to 239.3 billion yuan (US$36.7 billion), following a 3.1 percent drop for the first quarter, the Shanghai Statistics Bureau said yesterday.
Fixed-asset investment rose 8.3 percent year on year in the first four months, slowing from a rate of 8.4 percent for the first quarter. Retail sales in the year through April rose 7.3 percent from the same period of 2015 to 340.5 billion yuan, following a 7.1 percent annual rise in the first quarter.
In April alone, investment in agricultural industries fell 13.4 percent year on year, while manufacturing lost 5.1 percent and services investment gained 10.8 percent, the bureau said.
Home sales by floor area in the first four months rose 21.1 percent on year.
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