|Yr/Yr % change||6.0%||6.8%||5.4%|
|M/M % Change||0.64%||0.38%|
March industrial production was up a greater than expected 6.8 percent from a year ago. Expectations were for an increase of 6.0 percent. The last time output was at this level was in June 2015. On the month, output was up 0.64 percent. For the year to date, output was up 5.8 percent when compared with the same months a year ago. In 2015, for the first three months, output was up 6.4 percent. The 6.8 percent increase matches June 2015.
Industrial production measures the change in the total inflation adjusted value of output produced by manufacturers, mines and utilities. Data are compared with the same month a year earlier.
Chinese data can have a broad impact on the currency markets due to China's dominant influence on the global economy and investor sentiment. It's a leading indicator of economic health. Production is the dominant driver of the economy and reacts quickly to ups and downs in the business cycle. No data are published in February for January.
The industrial growth rate is used to reflect a certain period of increase or decrease in volume of industrial production indicators. The indicator can be used to estimate the short term trend of the industrial economy, to judge the extent of the economic boom and also to be an important reference and basis for the formulation and adjustment of economic policies.
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