Industrial production in China fell by 8.5% in March

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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%.

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