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China. Industrial Production (YoY). The value of the indicator has increased from 5.9% to 7.7%
A report on this calendar event is released monthly by the National Bureau of Statistics of China.
The presented indicator reflects the current potential and prospects for development of the country's industrial sector.
Growth of industrial production creates upward pressure on inflation and may be the reason for an increase in interest rates.
The indicator also outpaces data changes on employment in the industrial sector and average wages.
Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the rise in quotes of Zinc, Nickel, Palladium, Aluminium, Copper, CNY.
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