China: Industrial production slows in April following March's surge
May 15, 2017
In April, industrial production in China expanded 6.5% over the same month last year, coming in below March’s 7.6% rise. March’s print had represented the fastest acceleration since December 2014. April’s slowdown, which fell short of the 7.0% rise that market analysts had expected, reflected weaker growth in manufacturing output and in electricity, gas and water supply activities. Conversely, the mining subcomponent declined at a softer pace in the same month.
On a monthly basis, industrial production expanded 0.56% in seasonally-adjusted terms in April, down from March’s 0.80% increase. The trend now is pointing upward, with the annual average growth in industrial production stabilizing at last month’s 6.3% in April.