China: Growth in industrial production inches down in November
December 14, 2017
In November, industrial production expanded 6.1% over the same month last year, a notch below the 6.2% expansion in October. November’s result, which slightly overshot the 6.0% rise that market analysts had expected, reflected a slowdown in electricity, gas and water supply. Moreover, the decline in the mining sector accelerated. Growth in manufacturing output, however, accelerated in the same month.
On a monthly basis, industrial production expanded 0.48% in seasonally-adjusted terms in November, slightly down from October’s 0.50% increase. The trend was stable in November, with the annual average growth in industrial production staying at 6.5% for the sixth month in a row.