China: Growth in industrial production slows at the end of 2016
January 20, 2017
In December, industrial production expanded 6.0% over the same month of the previous year, coming in below November’s 6.2% rise and the 6.1% increase that market analysts had expected. December’s reading reflected weaker growth in manufacturing output and in electricity, gas and water supply activities. The slowdown was partially offset by a softer drop in the mining subcomponent.
On a monthly basis, industrial production expanded 0.46% in seasonally-adjusted terms in December, broadly unchanged from November’s 0.46% 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 four months’ 6.0% in December.