China: Industrial output posts quickest growth since March 2019 in November
December 15, 2020
Industrial output increased 7.0% compared to the same month a year earlier in November, which was above October's 6.9% increase. The figure marked the best result since March 2019. The improvement was largely driven by faster growth in manufacturing production.
On a monthly basis, industrial output rose 1.0% in seasonally-adjusted terms in November, which was better than October’s 0.8% expansion. Meanwhile, annual average growth of industrial production was stable, coming in at October's 1.9% in November.
Author: Oliver Reynolds, Economist