China Industry October 2018

China

China: Industrial production growth inches up in October

November 14, 2018

Industrial production expanded 5.9% year-on-year in October, up from a 5.8% rise in September and overshooting market expectations of 5.8%.

October’s print mainly reflected faster growth in the mining and manufacturing sectors, while the dynamics in the production and distribution of electricity, heating power, gas and water softened compared to September.

On a month-on-month basis, industrial production increased 0.48% in seasonally-adjusted terms in October, unchanged from September’s expansion. Annual average growth in industrial production, meanwhile, stabilized at September’s 6.4% in October.

China Industrial Production Forecast


FocusEconomics Consensus Forecast participants expect industrial production to rise 6.0% in 2019, which is unchanged from the previous month’s forecast. In 2020, the panel sees industrial production growth decelerating to 5.7%.


Author: Ricard Torné, Lead Economist

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China Industry October 2018 0

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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