China: Industrial production slows in October
November 14, 2017
In October, industrial production expanded 6.2% over the same month last year, below the 6.6% expansion in September. October’s result, which undershot the 6.3% rise that market analysts had expected, reflected a slowdown in manufacturing output. Conversely, growth in electricity, gas and water supply accelerated in the same month, while the decline in the mining sector softened.
On a monthly basis, industrial production expanded 0.50% in seasonally-adjusted terms in October, down from September’s 0.55% increase. The trend was stable in October, with the annual average growth in industrial production staying at 6.5% for the fifth month in a row.