China’s industrial production growth rebound slightly in May 2012
9 June, 2012, 13:35. Posted by Zarathustra
China’s industrial production growth for May increased slightly from April.
Industrial production increased by 9.6% in May compared to a year ago (in real term), recovered slightly from 9.3% yoy in April, but below consensus of 9.8% yoy. On a month-on-month basis, industrial production increased by 0.89%, up from 0.35% in April.
The electricity power output growth, which is widely regarded as a more accurate proxy of China’s economic growth, rebounded from 0.7% yoy of April to 2.7% yoy, although it is still pointing to sharp slowdown in economic activities. Meanwhile, rolled steel output growth continued to fall from 7.9% yoy in April to 6.3% yoy in May.
Source: National Bureau of Statistics
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.