China: Industrial production steadies in May
June 14, 2017
In May, industrial production expanded 6.5% over the same month last year, matching the result in April. May’s print, which slightly overshoot the 6.4% rise that market analysts had expected, mostly reflected stable growth in manufacturing output. Activity in the mining subcomponent rebounded in May, while growth in electricity, gas and water supply eased in the same month.
On a monthly basis, industrial production expanded 0.51% in seasonally-adjusted terms in May, down from April’s 0.55% increase. The trend now is stabilizing, with the annual average growth in industrial production remaining at April’s 6.3% in May.