City skyline in China

China Industry March 2019

China: Industrial production growth shoots up on policy stimulus in March

Industrial production increased 8.5% year-on-year in March, well above the 5.3% rise registered in January–February. The print overshot market expectations of a 5.9% increase and was the strongest result in over four years.

The reading reflected sizeable accelerations in all subcategories of the index, especially in the manufacturing sector.

On a month-on-month basis, industrial production increased 1.00% in seasonally-adjusted terms in March, more than doubling the 0.46% increase in February. Annual average growth in industrial production, meanwhile, rose from 5.9% in February to 6.2% in March.

Government support is slowing bearing some fruit and propelled industrial production growth in March. Moreover, industrial production likely benefited from the production of 5G infrastructure and equipment.

China Industrial Production Forecast

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