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China Industry March 2021

China: Industrial output growth eases in March but remains robust

Industrial production rose 14.1% year-on-year in March (January–February: +35.1% yoy). Looking at the details of the release, the manufacturing sector drove the reading.

On a seasonally-adjusted monthly basis, factory output rose 0.6% in March (February: +0.7% mom). Meanwhile, annual average industrial production growth rose to 11.3% in March from 10.1% in February.

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