China: Growth in industrial production slows to six-month low in September
October 18, 2015
In September, industrial production expanded 5.7% over the same month last year. The print was below August’s 6.1% increase and undershot the 6.0% expansion that market analysts had expected. September’s slowdown mainly reflected weaker growth across the board, particularly in mining and in electricity, gas and water supply. Manufacturing output recorded a mild moderation in the same month.
On a monthly basis, industrial production in September expanded 0.38% in seasonally-adjusted terms, which was below the 0.52% increase tallied in August. As a result of the weak growth observed throughout this year, the trend continues to point downward. Annual average growth in industrial production ticked down from August’s 6.7% to 6.5% in September, which marked the lowest reading in over 25 years.