BEIJING--China's factory production and investment decelerated further in September while consumption recovered from the distortions brought on by the latest wave of coronavirus infections.
Industrial output rose 3.1% in September from a year earlier, slowing from 5.3% year-on-year growth in August, the National Bureau of Statistics said Monday.
Economists polled by The Wall Street Journal had expected industrial output to expand by 3.8% in September from a year earlier.
China's factory production was hindered by a widespread power crunch in the country amid soaring coal prices and the government's stringent carbon emission targets.
China's retail sales, a key gauge of domestic consumption, rose 4.4% in September from a year earlier, rebounding from a 2.5% year-on-year increase in August, and higher than the 3.4% growth expected by economists.
Domestic consumption took a hit during the summer after fresh waves of new coronavirus infections prompted authorities to restrict people's movements in some parts of the country, dampening consumer demand and hitting industries that rely on close human contact.
Fixed-asset investment, meantime, increased 7.3% in the first three quarters of the year, compared with 8.9% growth in the first eight months, the statistics bureau said. Economists had expected investment to rise by 7.9% for the January-September period.
China's urban surveyed unemployment rate was 4.9% in September, compared with August's 5.1%.
Write to Singapore editors at singaporeeditors@dowjones.com
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