Industrial Production in China in January-February Fell by 13.5%
Compared to December 2019, industrial production decreased by 26.63%. In the manufacturing industry, this indicator decreased in annual terms by 15.7%, in the mining industry - by 6.5%. Among enterprises engaged in the production and supply of electricity, heat, gas and water, activity decreased by 7.1%.
Among 41 types of industries in China, growth was recorded in only two: oil and gas production (2.1%) and tobacco production (6.9%). In the 39 remaining sectors of industry with negative dynamics, the largest decline was observed in the automotive sector (31.8%), in the production of equipment for rail, aerospace, sea and other transport (28.2%) and in the textile industry (27.2%). At the end of 2019, China's industrial production grew at an annual rate of 5.7%.