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China Industrial production October 2022

China: Industrial output growth dips in October

Industrial production rose 5.0% year on year in October (September: +6.3% yoy). October’s deterioration was largely due to slowdowns in manufacturing and mining and quarrying production.

On a monthly basis, factory output increased 0.3% in seasonally adjusted terms in October, which was below September’s 0.8% expansion and marked the worst result since April. Meanwhile, the trend improved slightly, with the annual average growth of industrial production coming in at 3.8%, up from September’s 3.6% reading.

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