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China Industrial Production Rises More Than Expected In December

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

China's industrial production grew more than expected in December, data from the National Bureau of Statistics showed Tuesday.

Industrial production rose 7.9 percent year-over-year in December following the 7.2 percent growth in November. Economists had expected production to rise 7.4 percent.

Among the sub-sectors, manufacturing output increased 8.9 percent. Output in the mining industry and the electricity, heat, gas and water production and supply industry advanced 3.4 percent and 3.7 percent, respectively.

On a month-over-month basis, industrial production rose 0.75 percent in December.

In the January to December period, production grew 8.3 percent over the corresponding period of the previous year, more than the 8.2 percent consensus estimate.

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