China Industry October 2017

China

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.

FocusEconomics Consensus Forecast participants expect industrial production to rise 6.0% in 2018, which is unchanged from the previous month’s forecast. In 2019, the panel sees industrial production growth decelerating to 5.7%.


Author: Ricard Torné, Head of Economic Research

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China Industry October 2017

Note: Year-on-year variation of industrial production index and annual average growth rate in %. Owing to seasonal factors related to the Lunar New Year, annual figures in January and February are reported together.
Source: National Bureau of Statistics of China (NBS) and FocusEconomics calculations.


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