China’s industrial output grew for the fifth consecutive month
During the first eight months of 2020, China’s industrial output rose by 0.4% y/y reflecting the lingering impact of the COVID-19 outbreak
China’s value-added industrial output grew by 5.6% y/y in real terms in August, the highest growth rate this year, signaling a strong and steady recovery of the supply side. During the first eight months of 2020, China’s industrial output rose by 0.4% y/y reflecting the lingering impact of the COVID-19 outbreak.
According to China’s National Bureau of Statistics, in August, 29 of the 41 industrial sectors recorded y/y growth. The automotive and electrical machinery & equipment manufacturing sectors were the major drivers of the overall growth.
Further data and analysis on China’s economy is available on the CEIC China Economy in a Snapshot – Q3 2020 report.