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CHINA: Industrial Production Rise a Positive Sign for the Economy. 

CHINA
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Today’s Industrial Production numbers were anticipated more than ever given the various stimulus measures announced over recent months.
  • Output for October rose +5.3% versus +5.4% of September.
  • The market had expected +5.6%.
  • The largest increases came from crude steel (+2.9% vs -6.1% prior), steel product (+3.5% vs -2.4% prior), industrial AI (+33.4% vs 22.8% prior) and motor vehicles (+4.8% vs -1.0% prior).
  • The largest declines came from mobile phones, integrated circuits and electricity.
  • Despite the challenges for the China economy, Industrial Production has remained robust averaging 5.6% over the last year with the high of December 2023 at +6.8% and the low in March of 2024 at 4.5%
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  • Today’s Industrial Production numbers were anticipated more than ever given the various stimulus measures announced over recent months.
  • Output for October rose +5.3% versus +5.4% of September.
  • The market had expected +5.6%.
  • The largest increases came from crude steel (+2.9% vs -6.1% prior), steel product (+3.5% vs -2.4% prior), industrial AI (+33.4% vs 22.8% prior) and motor vehicles (+4.8% vs -1.0% prior).
  • The largest declines came from mobile phones, integrated circuits and electricity.
  • Despite the challenges for the China economy, Industrial Production has remained robust averaging 5.6% over the last year with the high of December 2023 at +6.8% and the low in March of 2024 at 4.5%