China: Industrial production continues to decelerate in October
November 11, 2015
In October, industrial production expanded 5.6% over the same month last year. The print was slightly below September’s 5.7% increase and undershot the 5.8% expansion that market analysts had expected. October’s slowdown mainly reflected weaker growth in mining as well a mild drop in electricity, gas and water supply. Activity in manufacturing output, however, was stable in the same month.
On a monthly basis, industrial production in October expanded 0.46% in seasonally-adjusted terms, which was above the 0.38% increase tallied in September. As a result of the weak growth observed throughout this year, the trend continues to point downward. Annual average growth in industrial production ticked down from September’s 6.5% to 6.4% in October, which marked the lowest reading in over 25 years.