Industry in China
China - Industry
Industrial production growth inches up in October
Industrial production expanded 5.9% year-on-year in October, up from a 5.8% rise in September and overshooting market expectations of 5.8%.
October’s print mainly reflected faster growth in the mining and manufacturing sectors, while the dynamics in the production and distribution of electricity, heating power, gas and water softened compared to September.
On a month-on-month basis, industrial production increased 0.48% in seasonally-adjusted terms in October, unchanged from September’s expansion. Annual average growth in industrial production, meanwhile, stabilized at September’s 6.4% in October.
China Industrial Production Forecast
FocusEconomics Consensus Forecast participants expect industrial production to rise 6.0% in 2019, which is unchanged 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 | 3.43 | -0.40 % | Nov 15 |
| Exchange Rate | 6.94 | -0.19 % | Nov 15 |
| Stock Market | 2,668 | -0.34 % | Nov 15 |
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Economic News
China: Growth in house prices inches up in October
November 15, 2018
House prices in 70 large- and medium-sized cities rose 1.0% in October in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
China: Industrial production growth inches up in October
November 14, 2018
Industrial production expanded 5.9% year-on-year in October, up from a 5.8% rise in September and overshooting market expectations of 5.8%. October’s print mainly reflected faster growth in the mining and manufacturing sectors, while the dynamics in the production and distribution of electricity, heating power, gas and water softened compared to September. On a month-on-month basis, industrial production increased 0.48% in seasonally-adjusted terms in October, unchanged from September’s expansion.
China: Investment growth accelerates to four-month high in October
November 14, 2018
Urban fixed asset investment expanded 5.7% annually in the first 10 months of the year, up from the 5.4% increase in the first 9 months of the year.
China: Growth in retail sales decelerates to five-month low in October
November 14, 2018
In October, nominal retail sales grew 8.6% on an annual basis, a deceleration from the 9.2% expansion registered in September and the lowest reading in five months.
China: Credit and money data worsen in October
November 13, 2018
In October, Chinese banks distributed CNY 697 billion (USD 100 billion) in new yuan loans, well below the CNY 1.38 trillion distributed in September and market expectations of CNY 862 billion.
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