China: Industrial production decelerates to five-month low in July
August 14, 2017
In July, industrial production expanded 6.4% over the same month last year, below the 7.6% rise in June and the weaker print since March. July’s result, which undershoot the 7.0% rise that market analysts had expected, reflected slower growth in manufacturing output and a sharper contraction in the mining subcomponent. Conversely, growth in electricity, gas and water supply accelerated in the same month.
On a monthly basis, industrial production expanded 0.41% in seasonally-adjusted terms in July, down from June’s 0.41% increase. The trend now is stable, with the annual average growth in industrial production staying at last month’s 6.5% in July.