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China: industrial production slows in August, up 5.3%

2021-09-15T03:16:58.442Z

Industrial production in China marked a sharp slowdown to 5.3% per year, against 6.4% in July and 5.8% expected by analysts, reaching the lowest levels since July 2020 due to the outbreaks of the Delta variant, of the costs of raw materials and products ... (ANSA)



(ANSA) - BEIJING, SEPTEMBER 15 - Industrial production in China marked a sharp slowdown to 5.3% per year, against 6.4% in July and 5.8% expected by analysts, settling down since July 2020 due to Delta variant outbreaks, raw material costs and problems related to bottlenecks in the supply chain.


    Economic growth is losing momentum and according to data released by the National Statistical Office, production has contracted in sectors such as textiles (-2.5% against -1.0% in July) and ferrous materials (-5.3 % versus 2.6%). In the first eight months of 2021, industrial production marked an annual increase of 13.1%. (HANDLE).


Source: ansa

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