Growth in mainland industrial output value last month bucked the falling trend it had been showing, underscoring a recovery in domestic demand.
Last month industrial output value rose 7.9 per cent despite three months of widespread flooding which had caused significant damage to the economy, Xinhua said yesterday.
The agency said the flooding had triggered an increase in demand.
The growth was up from a 7.6 per cent gain in July, when the rate of increase slowed from 7.9 per cent in June and 8 per cent in May.
In the first eight months of this year, the industrial output value increased 7.8 per cent year on year.
Merrill Lynch Asia-Pacific economist for the mainland and Hong Kong Xu Xiaonian said the rebound in industrial output was another sign of a pick-up in domestic demand, which was already being reflected in growth in fixed-asset investment and retail sales of consumer goods in real terms.
