China: Industrial production picks up in December
January 20, 2015
In December, industrial production expanded 7.9% over the same month of the previous year, which was above the 7.2% increase recorded in the previous month. The expansion tallied in December overshot the 7.4% increase that market analysts had expected and represented the strongest rise in three months. December’s improvement mostly reflected faster growth in all of the sub-categories. Manufacturing output recorded the largest expansion, while growth in electricity, gas and water supply accelerated to a six-month high in December.
On a monthly basis, industrial production expanded 0.75% in seasonally-adjusted terms, which was up from the 0.54% increase tallied in November. In the full year 2014, industrial production expanded 8.3%, which was below the 9.7% increase tallied in 2013 and represented the weakest annual growth on record.