China: Industrial production accelerates in June
July 17, 2017
In June, industrial production expanded 7.6% over the same month last year, above the 6.5% rise in May. June’s print, which overshoot the 6.5% rise that market analysts had expected, reflected faster growth in manufacturing output and in electricity, gas and water supply. Conversely, the mining subcomponent contracted in June.
On a monthly basis, industrial production expanded 0.81% in seasonally-adjusted terms in June, up from May’s 0.57% increase. The trend now is pointing upward, with the annual average growth in industrial production rising from 6.3% in May to 6.5% in June.