Industrial production growth in China slowed in April


In April, industrial production in China grew by 5.4% year-on-year, the country's national Bureau of Statistics reported. Compared to the March rise by 8.5%, its growth slowed. Economists had expected a less significant slowdown - up to 6.5%. The mining industry recorded an increase in production by 2.9%. Electricity production increased by 3.8%, while the manufacturing industry showed an increase of 5.3%. Growth was also recorded in agriculture, the pharmaceutical industry and in the manufacture of industrial equipment, while the automotive and textile industries indicated a decline in production. According to another April report, retail sales in China increased by 7.2% in annual terms, also slowing growth, compared with a rise of 8.7% a month earlier. Last month, sales of consumer goods, food and electronics increased, while sales of clothing, cars and building materials declined.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong