China’s industrial production growth increased to 10.1% yoy in November9 December, 2012, 23:27. Posted by Zarathustra
China’s industrial production growth improved further in November.
Growth of industrial production accelerated from 9.6% yoy to 10.1% yoy, better than consensus estimate of 9.8% yoy. On a seasonally adjusted month-on-month basis, industrial production rose 0.86% in November, up from the revised 0.83% rise in October.
The closely watched growth in electricity output continued to accelerate from 6.4% yoy to 7.9% yoy after staying in low single-digit rate for two consecutive quarters, suggesting a continued improvement in economic activities into the fourth quarter.