China: Growth in industrial production stabilizes in May
June 12, 2016
In May, industrial production expanded 6.0% over the same month of last year. The print matched both the result tallied in April and what market analysts had expected. May’s reading reflected how slightly stronger manufacturing output and electricity, gas and water supply activities were offset by a sharp decline in the mining sub-component.
On a monthly basis, industrial production in May expanded 0.45% in seasonally-adjusted terms, which was broadly in line with the 0.43% increase tallied in April. As a result of May’s stable reading, the trend was also unchanged, with annual average growth in industrial production remaining at April’s 6.0%.