China Industry


China: Growth in industrial production slows to six-month low in September

October 18, 2015

In September, industrial production expanded 5.7% over the same month last year. The print was below August’s 6.1% increase and undershot the 6.0% expansion that market analysts had expected. September’s slowdown mainly reflected weaker growth across the board, particularly in mining and in electricity, gas and water supply. Manufacturing output recorded a mild moderation in the same month.

On a monthly basis, industrial production in September expanded 0.38% in seasonally-adjusted terms, which was below the 0.52% increase tallied in August. As a result of the weak growth observed throughout this year, the trend continues to point downward. Annual average growth in industrial production ticked down from August’s 6.7% to 6.5% in September, which marked the lowest reading in over 25 years.

For 2015, FocusEconomics Consensus Forecast panelists expect industrial production to grow 6.3%, which is down 0.1 percentage points from last month’s projection. In 2016, the panel sees industrial production growth declining to 6.2%, which is also down 0.1 percentage points from last month’s projection.

Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to Industry in China? Download a sample report now.


China Industry Chart

China Industry September 2015 0

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.

China Economic News

More news

Search form