Industry in China
China - Industry
Industrial production gains steam in December
Industrial production increased 5.7% year-on-year in December, up from the 5.4% rise registered in November and beating market expectations of 5.3%.
December’s print marked a modest acceleration, as growth in the mining sector accelerated markedly in annual terms compared to the previous month. Nevertheless, growth in both manufacturing output and in the electricity, heating power, gas, and water sector decelerated in December.
On a month-on-month basis, industrial production increased 0.54% in seasonally-adjusted terms in December, higher than November’s 0.37% Annual average growth in industrial production, meanwhile, ticked down from 6.3% in November to 6.2% in December.
China Industrial Production Forecast
FocusEconomics Consensus Forecast participants expect industrial production to rise 5.9% in 2019, which is down 0.1 percentage points from the previous month’s forecast. In 2020, the panel sees industrial production growth decelerating to 5.7%.
China - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 9.7 | 8.3 | 6.1 | 6.0 | 6.6 |
China Industry Chart
Source: National Bureau of Statistics of China and FocusEconomics calculations.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.11 | -0.40 % | Jan 21 |
| Exchange Rate | 6.80 | -0.19 % | Jan 21 |
| Stock Market | 2,611 | -0.34 % | Jan 21 |
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China: Industrial production gains steam in December
January 21, 2019
Industrial production increased 5.7% year-on-year in December, up from the 5.4% rise registered in November and beating market expectations of 5.3%. December’s print marked a modest acceleration, as growth in the mining sector accelerated markedly in annual terms compared to the previous month.
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January 18, 2019
Chinese authorities will implement further fiscal and monetary measures this year to tackle cooling domestic growth and spillovers from the ongoing trade war with the U.S. On 19–21 December, China’s top leadership met in Beijing at the annual Central Economic Work Conference (CEWC), which sets the tone of economic policies for the year. The top leadership emphasized that they will use “counter-cycle” macro policies to stabilize aggregate demand.
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