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China's Economy Strengthened as Factory Output, Retail Perk Up

  • Rebound suggests July weakness was a blip, not fresh downturn
  • Policy support has stabilized world’s second-biggest economy

China’s economy showed signs of rebounding after July’s hiccup as factory output, investment and retail sales all exceeded economist estimates.

Key Points

  • Industrial production rose 6.3 percent from a year earlier in August, compared with a median estimate of 6.2 percent in Bloomberg survey of economists
  • Retail sales climbed 10.6 percent last month, from 10.2 percent on July
  • Fixed-asset investment increased 8.1 percent in first eight months of the year

Big Picture

The reports add to other recent data that have helped shore up confidence in the world’s second-largest economy, including better-than-expected trade and the official factory gauge unexpectedly rising to the highest level in almost two years. One challenge is that the property market, which has...