China's industrial output growth picks up to 5.6 pct in August
Source: Xinhua | 2020-09-16
China's value-added industrial output, an important economic indicator, continued to recover as factories stepped up production amid effective COVID-19 control, official data showed Tuesday.
Industrial output went up 5.6 percent year on year in August, accelerating from a rise of 4.8 percent registered in July, according to data from the National Bureau of Statistics (NBS).
On a month-on-month basis, industrial output rose 1.02 percent in August, also quickening from July's 0.98-percent increase.
In the first eight months, industrial output expanded 0.4 percent from one year earlier, compared with a decline of 0.4 percent in the January-July period, NBS data showed.
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