Industry in China

China Industry | Economic News & Forecasts

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  

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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

ValueChangeDate
Bond Yield3.11-0.40 %Jan 21
Exchange Rate6.80-0.19 %Jan 21
Stock Market2,611-0.34 %Jan 21

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