China’s Industrial Output Expected to Have Grown 5.6% in 2019 - Forex News by FX Leaders
China's industrial production expected to have grown at 5.6% in 2019

China’s Industrial Output Expected to Have Grown 5.6% in 2019

Posted Monday, December 23, 2019 by
Arslan Butt • 1 min read

According to latest estimates by the Ministry of Industry and Information Technology, industrial output in China is expected to increase by 5.6% overall this year. In November, industrial production had risen 6.2% higher YoY, significantly higher than the 4.7% YoY growth registered in October.

Industrial production expanded at the fastest rate annually seen since five months, rising on hopes of diminishing trade tensions between the US and china. The recent positive developments towards signing the phase one trade deal could see industrial production pick up in China in 2020.

At the beginning of a brand new week, the Chinese yuan is trading steady against the US dollar as markets head towards the holiday season. USD/CNH is trading at around 7.0007 at the time of writing, back above the key level of 7 as markets await details on when the phase one deal will be signed between the US and China.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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