My Account Menu

CAPA Login


Register to trial CAPA Membership!

Beijing traffic hit by China's industrial slowdown

18-Dec-2008
  • Beijing Airport reports worrying 18% dive in cargo volume in Nov-08, reflecting weak national industrial production;
  • Passenger numbers rose 20% in Nov-08 - but it is a domestic recovery only at this stage.

Beijing Capital International Airport (BCIA) is showing the strain afflicting the nation's industrial producers. Cargo volumes fell 17.8% in Nov-08 - its worst decline this year, after a mild recovery in Oct-08. This figure adds to the growing weight of data that indicates China's economy is rapidly cooling.

The National Bureau of Statistics reports China's industrial output growth slowed to 5.4% in Nov-08 year-on-year. In the first 11 months of the year, industrial output increased by 13.7% from the same period in 2007. Worryingly, exports of industrial products fell 5.2% in Nov-08, year-on-year.

BCIA's passenger numbers rose 20% in Nov-08, continuing a post-Olympics recovery that commenced in Sep-08.

Beijing Capital International Airport passenger numbers growth and cargo volume growth: Dec-07 to Nov-08

But it is a domestic passenger recovery only at this stage, with international volumes only slightly positive in Nov-08, continuing the weak trend of much of 2008.

Beijing Capital International Airport passenger numbers growth (% year-on-year): Dec-07 to Nov-08

Shares in the operator of BCIA rose 1.5% yesterday, while Shanghai Airport and Guangzhou Baiyun Airport also rose 2.1% and 3.2%, respectively in a broadly higher Chinese share market.

Selected airports daily share price movements (% change): 17-Dec-08


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.