China: Industrial output growth picks up in January–February but remains muted
Industrial output expanded 2.4% year on year in January–February (December: 1.3% yoy), undershooting market expectations for a 2.6% expansion. Looking at the details of the release, manufacturing, mining and utilities production all rose in the first two months of 2023.
On a seasonally adjusted monthly basis, factory output rose at a more moderate pace of 0.1% in February (January: +0.3% mom).