China's industrial production accelerates its growth in August to 4.5%, its second largest increase of the year

MADRID, 15 Sep. (EUROPA PRESS) -

Chinese industrial production rose 4.5% in August in an interannual rate, a rate eight tenths higher than that of July and the second highest of the year after April (5.6%), according to data published this Friday by the Office National Statistics Office (ONE) of the Asian country.

By sector, mining production increased by 2.3% year-on-year, that of the manufacturing industry by 5.4%, and the production and supply of electricity, thermal energy, gas and water rose by 0.2%.

For its part, equipment manufacturing increased by 5.4% year-on-year, 2.1 points more than the previous month, while high-tech manufacturing grew by 2.9%, a rate 2.2 points higher than that of July.

The Chinese statistical office has also reported that the country's retail sales accelerated their growth in August to 4.6%, a rate 2.1 points higher than that of July and the highest since last May.

Both industrial production and retail sales have increased more than expected by analysts, who had predicted year-on-year increases of around 4% and 3%, respectively.