City skyline in China

China Industry May 2021

China: Industrial output records slowest expansion since December 2020 in May

Industrial production expanded 8.8% year-on-year in May (April: +9.8% yoy). May’s outturn marked the worst reading since December 2020 and missed market expectations, with activity potentially weighed on by surging input prices and port disruptions in Guangdong province. Looking at the details of the release, manufacturing production expanded at a softer pace in May, while energy output gained momentum. Meanwhile, mining and quarrying output growth was steady from the previous month.

On a monthly basis, factory output grew 0.5% in seasonally-adjusted terms in May, matching April’s expansion. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 12.2%, up from April’s 11.8%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest