---
title: "China's December factory output up 5.2% y/y, retail sales miss forecast"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/272925996.md"
datetime: "2026-01-19T02:06:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272925996.md)
  - [en](https://longbridge.com/en/news/272925996.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272925996.md)
---

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# China's December factory output up 5.2% y/y, retail sales miss forecast

BEIJING, Jan 19 (Reuters) - China’s industrial output rose 5.2% in December from a year earlier, faster than the 4.8% pace in November, but retail sales growth slowed further, dousing momentum in the economy heading into 2026 and adding pressure for more stimulus.

The output data from the National Bureau of Statistics (NBS) exceeded expectations for a 5.0% rise in a Reuters poll of 23 analysts.

Retail sales, a gauge of consumption, grew 0.9% in December, their weakest pace since December 2022 and down from the 1.3% growth in November. Analysts had forecast a 1.2% rise.

Fixed asset investment contracted 3.8% in 2025, the first annual drop since 1989 and compared with an expected 3% decline. It fell 3.3% in the January-to-November period.

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