China Industry


Industrial production continues to moderate in June

In June, industrial production rose 8.9% over the same month last year, a slowdown compared to the 9.2% expansion observed in May. The result came in below market expectations of a 9.1% increase.

Seasonally-adjusted data showed that industrial production expanded 0.68% compared to the previous month, which is up from the 0.61% rise tallied in May. The trend stabilized, with annual average growth in industrial production remaining steady at the 9.5% recorded in May.

For 2013, FocusEconomics Consensus Forecast panellists expect industrial production to grow 10.3%, which is unchanged from last month's projection. In 2014, the panel sees industrial production growth inching up to 10.4%.

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China Industry Chart

China Industry June 2013

Note: Year-on-year variation of industrial production index and annual average growth rate in %. Owing to seasonal factors related to the Lunar New Year, annual figures in January and February are reported together.
Source: National Bureau of Statistics of China (NBS) and FocusEconomics calculations.

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