China November industry output grows 7.0% year on year

SINGAPORE (ICIS)–China’s industry output in November expanded by 7.0% year on year, up from October’s growth of 6.9%, official data showed on Tuesday.

In the first 11 months of 2020, industry output was up 2.3% year on year, up from 1.8% posted in January-October, data from China’s National Bureau of Statistics (NBS) showed on Tuesday.

Manufacturing output in November posted a faster growth of 7.7% from the 7.5% pace in the previous month.

Of the 41 sectors covered in the monthly data, 34 reported expansion – led by electric machinery and manufacturing (18%), metal manufacturing (13.8%) and medicine producing (13.6%).

Chemical raw material and finished products manufacturing posted a growth of 9.2% in November, compared with 8.8% in October.

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