China’s industrial production grew by 9.5% yoy, while electricity output growth was flat13 July, 2012, 10:29. Posted by Zarathustra
China’s industrial production growth for June fell slightly in June.
Industrial production increased by 9.5% in June from a year ago (real term), fell slightly from 9.6% growth in May, and below consensus of 9.8% yoy growth. On a month-on-month basis, industrial production increased by 0.76%, down from 0.89% in May.
The closely watched electricity output growth, which is regarded as a better gauge of China’s economic growth, is flat (i.e. 0.0% yoy growth) in June, down from 2.7% yoy in May, pointing to continued slowdown.
Source: National Bureau of Statistics