China: Growth in industrial production accelerates at start of year
March 14, 2017
In the January-February period, industrial production expanded 6.3% over the same period last year, coming in above December’s 6.0% rise and the 6.2% increase that market analysts had expected. January-February’s reading reflected an acceleration in manufacturing output and in electricity, gas and water supply activities. Conversely, the mining subcomponent declined further in the same period.
On a monthly basis, industrial production expanded 0.60% in seasonally-adjusted terms in February, broadly unchanged from January’s 0.56% increase. After following a broadly stable trajectory for most of 2016, the trend now seems to be pointing upward. Annual average growth in industrial production inched up from 6.1% in January to 6.2% in February.