Another Fall in China’s Industrial Production?
October 16, 2012 Leave a comment
The Reuters poll of 43 economists shows a median growth of 7.4% for the Chinese economy (GDP) in September 2012. This would be the lowest growth in three years. The final September GDP figure will be released on Thursday, along with the Industrial Production (IP) figure. It is the IP figure I am waiting for. In a previous blog (IP Growth Slowing in China) I pointed out how Chinese IP growth was a useful indicator for shipping. Based on the GDP survey of economists I have inserted an IP growth figure of 8.5% growth into the chart below.
This would be the lowest level of Chinese IP growth since March 2009, and far below the 1991 to 2012 average of 14.16% growth.
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