China: Industrial production loses steam toward the end of the year
January 19, 2016
In December, industrial production expanded 5.9% over the same month of the previous year. The print came in below November’s 6.2% increase and undershot the 6.1% expansion that market analysts had expected. December’s slowdown stemmed from slower growth in manufacturing output, while electricity, gas and water supply swung from an expansion in November to a contraction in December. Conversely, the performance in mining was solid.
On a monthly basis, industrial production expanded 0.41% in seasonally-adjusted terms, which was below the 0.57% increase tallied in November. In the full year 2015, industrial production grew 6.1%, which marked a deceleration over the 8.3% expansion observed in 2014 and represented the lowest reading in over 25 years.