China factory, investment data seen cementing modest growth recovery
BEIJING (Reuters) - China's factory output and investment may have gained steam in October as government pro-growth policy steps gain traction, a Reuters poll showed, limiting the chances of aggressive stimulus even as inflation stays benign.
The median forecast by 26 economists showed China's factory output in October probably grew 9.4 per cent from a year earlier, accelerating from the annual pace of 9.2 per cent in September and a three-year low of 8.9 per cent in August.
A pair of manufacturing sector surveys on Nov 1 showed signs the economy began to perk up in October.
Annual growth in fixed-asset investment may have also quickened slightly to 20.6 per cent in the first 10 months from 20.5 per cent in the January-September period.