Rail Data Corroborates Industrial Slowdown

No surprise here considering things like steel and coal are transported by rail.

China Daily: China's rail freight drops faster in October
The railways carried 280 million tons of cargo in October, down 16.3 percent year-on-year, compared with a fall of 15.6 percent in September and 15.3 percent in August, according to data released by the National Development and Reform Commission (NDRC).

In the first 10 months of 2015, rail freight slipped 11.9 percent from a year earlier to 2.8 billion tons, a sharper decline than the 11.4-percent decrease for the first nine months, the NDRC said.

No comments:

Post a Comment