China: Industrial production decelerates further in November
December 12, 2014
In November, industrial production expanded 7.2% over the same month last year, which was below the 7.7% increase recorded in the previous month. The increase tallied in November undershot the 7.5% expansion that market analysts had expected and mainly reflected a weaker expansion in manufacturing and mining. Conversely, growth in electricity, gas and water supply accelerated in November to a five -month high.
On a monthly basis, industrial production expanded 0.52% in seasonally-adjusted terms, which was slightly up from the 0.50% increase tallied in October. As a result of the weak growth observed in November, the trend continues to point downward; annual average growth in industrial production ticked down from the previous month’s 8.7% to 8.4%, which marks the lowest print that has been recorded since September 2009.