China: Industrial output growth picks up pace in June
Industrial production rose 3.9% year on year in June (May: +0.7% yoy). Looking at the details of the release, June’s pickup was broad-based, with the manufacturing, energy and mining and quarrying sub-sectors all gaining steam.
On a monthly basis, industrial output increased 0.8% in seasonally-adjusted terms in June, which was below May’s 4.2% expansion. Meanwhile, annual average industrial production growth fell to 4.1% in June (May: +4.5%).