China's industrial output growth unexpectedly accelerated whilst inflation stayed below a government target. Production rose 10.3 percent from a year earlier, the National Bureau of Statistics said yesterday, exceeding the 10 percent median estimate in a Bloomberg News survey of economists and the previous month's 10.2 percent. Inflation was a less-than-forecast 3.2 percent and producer prices fell 1.5 percent. The data, following an unexpectedly large jump in exports reported Nov. 8, add to a picture of an economy that is gaining strength. GDP growth also rebounded to 7.8 percent in the third quarter from 7.5 percent in the previous three months. The median estimate in a Bloomberg survey of 34 economists last month was for fourth-quarter expansion of 7.6 percent. (VIEW LINK)
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