China's July industrial output beats forecast to touch 5-month high
BEIJING (AFP) - China's industrial production growth accelerated in July to a five-month high of 9.7 per cent year-on-year, the government announced on Friday.
Industrial production, which measures output at factories, workshops and mines and is a key indicator for the world's second-largest economy, also increased 9.4 per cent over the first seven months of this year, the National Bureau of Statistics (NBS) said.
The result for July was the highest since 9.9 per cent recorded for January and February, which were released together due to distortions related to Chinese New Year.
July's figure, higher than June's 8.9 per cent, exceeded analyst expectations.