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China Industry March 2020

China: Industrial production contracts at slower pace in March

Industrial production declined 1.1% year-on-year in March, following the record contraction of 13.5% in January-February. The print was above the 6.2% decline that market analysts had expected.

On a month-on-month seasonally-adjusted basis, industrial production rebounded to a 32.1% rise in March, contrasting the 24.9% drop in February. Annual average growth in industrial production, meanwhile, tumbled from 2.6% in February to 1.8% in March.

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