China Industrial Production missed estimates, power output growth collapsed
11 May, 2012, 13:47. Posted by Zarathustra
The latest figures from the National Bureau of Statistics show that industrial production in China was weak.
Industrial production grew by 9.3% yoy (real term) in April, below market estimates of 12.2% yoy, and down from 11.9% yoy of March. As can be seen from the charts, industrial production figures have completely diverged from the official PMI figures.
Source: National Bureau of Statistics
Meanwhile, power output growth has totally collapsed. Electric power output is down to a mere 0.7% yoy from 7.2% yoy.
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.