China Industry

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China: Industrial production continues to accelerate in November

December 9, 2012

In November, industrial production expanded 10.1% over the same period the previous year, which was above the 9.6% rise tallied in October. In addition, the print overshot market expectations of a 9.8% increase and marked, in fact, the fastest pace since March. The main driver behind the acceleration was healthy growth in heavy industries, while light industries recorded milder gains.

Compared to the previous month, industrial production expanded a seasonally adjusted 0.86%, following the 0.83% increase tallied in October. Despite the pick-up seen in the last three months, the trend is still pointing downwards, with annual average growth in industrial production falling from 10.4% in October to 10.2%.


Author: Ricard Torné, Head of Economic Research

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China Industry November 2012

Note: Year-on-year variation of industrial production index and annual average growth rate in %. Owing to seasonal factors related to the Lunar New Year, annual figures in January and February are reported together.
Source: National Bureau of Statistics of China (NBS) and FocusEconomics calculations.


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