Business
Chinese factory output is up an astonishing 35% – The Motley Fool Australia
Reuters reported output in China was up 35.1% in the January/February period compared to a year earlier. How does this impact the ASX?
During an eventful day with many ups and downs, the S&P/ASX 200 Index (ASX: XJO) closed yesterday’s session 0.10% higher. While there are many reasons the index may have inched higher, one reason could be recent economic news coming out of China.
Reuters reported yesterday that industrial output in the People’s Republic was up an enormous 35.1% in the January/February period compared to one year earlier. China aggregates its January/February data to accommodate for Lunar New Year celebrations.
The…
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