Sunday, April 12, 2009

China industry output up in March


China industry output up in March
12-04-2009

Premier Wen Jiabao says China's annual industrial output growth accelerated to 8.3 percent in March, picking up from a record low of 3.8 percent in the first two months of the year.

Economists polled by Reuters had expected 6.0 percent annual growth in industrial production in March.

Mr Wen said that annual industrial production growth for the entire first quarter exceeded 5 percent.

The statistics agency gave a combined January-February figure for industrial output growth to smooth out distortions caused by the timing of the week-long Lunar New Year holiday, which fell in January this year.

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