China's retail sales last month grew at their fastest clip since the start of the year, official figures showed Friday, an encouraging sign for Beijing as it looks to boost sluggish consumption. However, industrial production growth edged down to 5.3 percent in October, the NBS figures showed, from 5.4 percent the previous month.

China's retail sales last month grew at their fastest clip since the start of the year, official figures showed Friday, an encouraging sign for Beijing as it looks to boost sluggish consumption. However, industrial production growth edged down to 5.3 percent in October, the NBS figures showed, from 5.4 percent the previous month.

China’s October Retail Sales increased 4.8% YoY vs. 3.8% expected and 3.2% in September, while the country’s Industrial Production rose 5.3% YoY in the same period vs.