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1st LD: China's H1 industrial output up 6.3 pct

Xinhua, July 15, 2015 Adjust font size:

Industrial output in China grew 6.3 percent year on year in the first half (H1) of 2015, slightly down from a 6.4-percent increase in the first quarter, official data showed on Wednesday.

In an encouraging sign, the growth rate has gradually recovered from 5.6 percent in March, the lowest level since the global financial crisis in 2008, according to the National Bureau of Statistics (NBS).

In June, China's industrial output rose by 6.8 percent from a year ago for a third straight month of increases.

The output of manufacturing rose 7.7 percent in the last month, that of the mining industry rose 2.7 percent, and output for electricity, heating, gas and water was up 2.1 percent.

China uses industrial output, officially called industrial value added, to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan.

The NBS also released a string of other major economic indicators including gross domestic product, retail sales and investment. Endi