China’s industrial output picked up in August, beat expectations
DATA MACRO
China’s industrial output picked up in August, beat expectations
DATA MACRO

China’s industrial output picked up in August, beat expectations

 

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China’s industrial output grew by 4.2% in August from a year earlier, according to data released by the National Bureau of Statistics on Friday, compared to 3.8% growth in the previous month, expected 3.8% growth.

For the first eight months of the year, China’s industrial output grew by 3.6% from the same period last year, showed the data.

In breakdown, output in the mining sector grew by 5.3% on year, manufacturing sector 3.1% and utilities sector up 13.6%, showed the data.

Among the 41 major industries, 24 industries saw year-on-year growth in August output, with coal mining industry up 5.8%, oil and gas exploration industry up 2.3%, automobile manufacturing industry up 30.5%, according to the NBS.