China: Industrial production recovers slightly in April
May 13, 2015
In April, industrial production expanded 5.9% over the same month last year, which was above March’s multi-year low of a 5.6% increase. That said, the print came in slightly below the 6.0% expansion that market analysts had expected. The print mainly reflected a rebound in the electricity, gas and water supply category as well as an acceleration in mining. Growth in manufacturing output, however, continued to slow in the same month.
On a monthly basis, industrial production expanded 0.57% in seasonally-adjusted terms in April, which was up from the 0.26% increase tallied in March. As a result of the weak growth observed throughout this year, the trend continues to point downward in April. Annual average growth in industrial production ticked down from March’s 7.7% to 7.5% in April, which marked the lowest reading since 1990.