Industrial production in China fell by 8.5% in March


The National Bureau of Statistics of China published two reports on the results of March. According to the first, industrial production in China increased by 8.5% in annual terms, which turned out to be much better than economists' forecasts, who had expected a growth rate of only 5.9%. The second statistical report showed an increase in retail sales by 8.7% year-on-year. This figure also exceeded the growth predicted by economists - by 8.4%. The mining industry recorded an increase in production by 4.6%, in the manufacturing industry - by 9%. The volume of electricity generated increased by 7.7%. In agriculture, production growth was at the level of 5.7%, in pharmaceuticals - at the level of 6.9%. Food was produced 4.8% more than a year earlier. Automobile production increased by 2.6%. In the retail sector, sales of consumer goods increased by 8.6%, consumer electronics - by 15.2%.

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