China reported data Friday that showed a pickup in growth in August from the prior month. The data also came in above expectations across the board.

Retail sales grew by 5.4% in August from a year ago, the fastest since the January-February period this year, according to figures released by the National Bureau of Statistics. August retail sales topped a Reuters forecast for 3.5% growth.

Among the overall encouraging data, retail sales posted the biggest surprise, boosted by passenger car sales and helped by comparison to low growth last August, pointed out Hao Zhou, chief economist at Guotai Junan International. Retail sales had risen by 2.5% year-on-year in August 2021.

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