China's Industrial Output Growth Unchanged in May

GMT 20:00 2016 Monday ,13 June

Arab Today, arab today China's Industrial Output Growth Unchanged in May

China's industrial output rose 6%
Beijing - QNA

China's industrial output rose 6% year on year in May, unchanged from April, official data showed Monday. 
The pace of increase slowed from 6.8 percent registered in March and 6.1% posted in the same month of last year, according to data from the National Bureau of Statistics (NBS). 
Value-added industrial output, one of the leading indicators for economic growth, rose 0.45% in May from April, according to China's (Xinhua) News Agency. 
In the first five months, industrial output grew 5.9% from one year earlier, up from 5.8% registered during the January-April period. 
Value-added industrial output measures the output of Chinese companies with annual revenues above 20 million yuan (about 3 million US dollars). 
The output of the hi-tech and equipment manufacturing industries maintained strong growth, rising 11.5% and 8.5%, according to NBS. 
Manufacturing output expanded 7.2% in May. Mining output fell 2.3% and the output of the electricity, heating, gas and water sectors grew 2.4%, the NBS said.

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