Retail sales grew by 4.8% year-on-year, the National Bureau of Statistics said Friday. That was above the 3.8% forecasted in a Reuters poll, and a pickup from 3.2% growth in September.

China's industrial output grew at a slower pace in October, while retail sales surprised on the upside, a mixed set of data that underlined the economy's struggles to pick up speed despite a recent blitz of policy support measures.

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

The National Bureau of Statistics is scheduled Friday to release data showing a pickup in growth in October from September.

China released economic data revealing a boost in retail sales and slower declines in home prices, signalling economic recovery amid recent stimulus efforts. This recovery could benefit European luxury and mining stocks,