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.