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China Industry December 2018

China: Industrial production gains steam in December

Industrial production increased 5.7% year-on-year in December, up from the 5.4% rise registered in November and beating market expectations of 5.3%.

December’s print marked a modest acceleration, as growth in the mining sector accelerated markedly in annual terms compared to the previous month. Nevertheless, growth in both manufacturing output and in the electricity, heating power, gas, and water sector decelerated in December.

On a month-on-month basis, industrial production increased 0.54% in seasonally-adjusted terms in December, higher than November’s 0.37% Annual average growth in industrial production, meanwhile, ticked down from 6.3% in November to 6.2% in December.

China Industrial Production Forecast

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