China: Industrial production expands at fastest pace in nine months in December
January 17, 2020
Industrial production increased 6.9% year-on-year in December, above November’s 6.2% expansion. The print overshot analysts’ expectations of a 5.9% rise and represented the strongest reading in nine months. The expansion was led by a sizeable acceleration in the manufacturing sector.
On a month-on-month seasonally-adjusted basis, industrial production increased 0.58% in December, down from the 0.66% expansion in November. Annual average growth in industrial production, meanwhile, inched up from November’s 5.6% to 5.7% in December.