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China's industrial output growth collapses to 17-year low
19-09-2019 14:23
China's industrial output growth collapses to 17-year low
China's industrial output growth collapses to 17-year low

According to the National Bureau of Statistics, in August of 2019, China's manufacturing growth slowed to its 17-year low.

The Chinese industrial production grew by 4.4 per cent from the same period a year earlier, down from an increase of 4.8 per cent in July. The rate turned out to be much below analysts' forecasts of 5.2 per cent expansion. The slowdown affected the mining industry as well. The increase in production volumes did not exceed 4.3 per cent compared to a 4.4 per cent rise recorded in July 2019.

Separate data released by the Chinese National Bureau of Statistics showed a pick-up in retail sales last month. The indicator increased by 7.5 per cent, while analysts expected them to surge by 7.9 per cent.

During the period under review, there was also a 5.5 per cent decline in growth of fixed-asset investment, including the level of expenditure on physical assets such as real estate and infrastructure in China. This was again below analysts' expectations who anticipated an increase of 5.6 per cent.

Despite all this, weak indicators had a little impact on the performance of China's stock markets. Stock indexes showed mixed trading. In the late trade, the Shanghai Composite Index fell by 0.1 per cent, whereas the Shenzhen Component Index, on the contrary, rose by 0.2 per cent.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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