China: Growth in industrial production inches up in November
December 13, 2016
In November, industrial production expanded 6.2% over the same month of last year, coming in slightly above October’s 6.1% rise and the 6.1% increase that market analysts had expected. November’s reading reflected stronger growth in electricity, gas and water supply activities, which was partially offset by a steeper drop in the mining subcomponent. Dynamics in the manufacturing sector were stable in November.
On a monthly basis, industrial production expanded 0.51% in seasonally-adjusted terms in November, broadly unchanged from October’s 0.50% increase. 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 three months’ 6.0% in November.