NBS: China’s Jan-Sept air conditioner output up 6.4% YoY
Oct 23, 2019 16:30
Production of the four most popular electrical home appliances in China showed diverged results over the first nine months of this year, with output of the top contributor – air conditioners – showing a year-on-year increase of 6.4% to reach 170 million units, according to the latest data from China’s National Bureau of Statistics (NBS). However, the growth rate was 1.5 percentage points lower compared with that over January-August.
“The rise in air conditioner production was mainly due to the fact that domestic makers largely boosted production over March-June in preparation for sales over the peak consuming season in summer,” a Shanghai-based market insider said.
In September alone, production of air conditioners surged by 10.6% on year or 24.5% on