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China's fiscal revenue rose 5.9 percent year on year to 1.54 trillion yuan (225.5 billion U.S. dollars) in October, faster than the 4.9 percent rise in September, official data showed Monday.

The pick up in pace was partly due to strong growth in tax revenues, which rose 7.2 percent in October, compared with a drop of 0.7 percent in September, the Ministry of Finance said in a statement.

The ministry attributed the tax revenue growth to the recovery of economic indicators, and a low comparison base with the same month in 2015.

Data from the National Bureau of Statistics Monday showed that industrial output rose 6.1 percent year on year in October, up from 5.6 percent in October 2015.

Central government collected 796.3 billion yuan in fiscal revenue in October, up 9.9 percent year on year, while local governments saw revenue up 4.2 percent to 739.6 billion yuan.

In the first 10 months, fiscal revenue rose 5.9 percent year on year to 13.68 trillion yuan, the ministry said.

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China's fixed-asset investment maintained steady growth in the first ten months of 2016, with investment by the private sector showing signs of improvement, data released Monday showed.

Fixed asset investment grew 8.3 percent year on year to 48.44 trillion yuan (7.1 trillion U.S. dollars) during the January-October period, up from the 8.2-percent gain seen in the first three quarters, the National Bureau of Statistics (NBS) said.

China investment growth steady, private sector slightly improves