China Industry December 2017

China

China: Industrial production growth inches up in December

January 18, 2018

Industrial production grew 6.2% year-on-year in December, up from a 6.1% rise registered in November, and beating market expectations of a 6.0% expansion. December’s figure was cemented by accelerating growth in electricity, gas and water supply. Growth in the mining sector, while still negative, improved from November, while the expansion in the manufacturing sector decelerated slightly.

On a monthly basis, industrial production expanded 0.52% in seasonally-adjusted terms in December, slightly up from November’s 0.47% increase. The trend was stable in December, with annual average growth in industrial production staying at 6.5% for the seventh month in a row.

China Industrial Production Forecast


FocusEconomics Consensus Forecast participants expect industrial production to rise 6.1% in 2018, which is up 0.1 percentage points from the previous month’s forecast. In 2019, the panel sees industrial production growth decelerating to 5.8%.


Author:, Economist

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China Industry December 2017

Note: Year-on-year variation of industrial production index and annual average growth rate in %. Owing to seasonal factors related to the Lunar New Year, annual figures in January and February are reported together.
Source: National Bureau of Statistics of China (NBS) and FocusEconomics calculations.


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