Industrial production in China grew in the first two months of 2019 at the lowest rate in 17 years

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Industrial production in China for the period from January to February 2018 increased by 5.3% compared to the same period a year earlier, the Office for National Statistics of the country reported. Its report points to a slowdown in growth relative to the December rise of 5.7%. The rate was the lowest in the last 17 years. According to experts, it was expected to grow by 5.6%. The statistical office notes that if we do not take into account the celebration of the New Year, the growth of industrial production in the country would be at the level of 6.1%. The slowdown in production growth was noted in the mining industry to 0.3% from 3.6%, in the energy sector – to 6.8% from 9.6%. At the same time, the processing industry showed an acceleration of growth from 5.5% to 5.6%.

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