China: Industrial output rebounds in April
May 15, 2020
Industrial output grew 3.9% compared to the same month a year earlier in April, which contrasted March's 1.1% decrease.
April's result was driven by strong rebounds in manufacturing and energy output.
On a seasonally-adjusted monthly basis, industrial production rose at a more moderate pace of 2.3% in April (March: +33.0% mom). Meanwhile, annual average industrial production growth fell to 1.7% in April (March: +1.8%). This signals a worsening trend in the industrial sector.