China: Industrial production growth holds steady in October
November 14, 2016
In October, industrial production expanded 6.1% over the same month of last year, which matched the previous month’s result but undershot the 6.2% increase that market analysts had expected. October’s reading reflected stronger growth in manufacturing production and electricity, gas and water supply activities, which was partially offset by a drop in the mining subcomponent.
On a monthly basis, industrial production expanded 0.50% in seasonally-adjusted terms in October, which was slightly above the 0.46% increase in September. After following an uninterrupted downward trajectory since late 2013, the trend now seems to be towards stabilization. Annual average growth in industrial production remained stable at the previous two months’ 6.0% in October.