China: Industrial production improves mildly in August
September 13, 2015
In August, industrial production expanded 6.1% over the same month last year. While the print was a notch above July’s 6.0% increase, it largely undershot the 6.5% expansion that market analysts had expected. August’s mild acceleration mainly reflected a rebound in electricity, gas and water supply and faster growth in manufacturing output. Conversely, the mining category decelerated in the same month.
On a monthly basis, industrial production in August expanded 0.53% in seasonally-adjusted terms, which was above the 0.33% increase tallied in July. As a result of the weak growth observed throughout this year, the trend continues to point downward. Annual average growth in industrial production ticked down from July’s 6.8% to 6.7% in August, which marked the lowest reading in over 25 years.