Industry in China

China Industry | Economic News & Forecasts

China - Industry

Industrial production loses momentum at the outset of the year

Industrial production increased 5.3% year-on-year in January–February, down from the 5.7% rise registered in December. The print was below market expectations of a 5.6% increase and the weakest result since the same period in 2009.

The reading reflected a sizeable slowdown in mining and the electricity, heating power, gas, and water sector. Conversely, growth in manufacturing output inched up in the same period.

On a month-on-month basis, industrial production increased 0.43% in seasonally-adjusted terms in February, matching January’s result. Annual average growth in industrial production, meanwhile, inched down from 6.1% in January to 6.0% in February.

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  

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China Industry Chart

China Industry
Note: Annual variation of industrial production in %.
Source: National Bureau of Statistics of China and FocusEconomics calculations.

China Facts

Bond Yield3.17-0.40 %Mar 11
Exchange Rate6.73-0.19 %Mar 11
Stock Market3,027-0.34 %Mar 11

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