Industry in China

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China - Industry

Industrial production growth plunges to 17-year low in July

Industrial production increased 4.8% year-on-year in July, down from June’s 6.3% expansion. July’s print undershot analysts’ expectations of a 5.8% rise and marked the weakest expansion since February 2002.

The reading reflected slowdowns in output growth in the manufacturing and energy sectors, while production growth in the mining sector was stable.

On a month-on-month basis, industrial production increased 0.19% in seasonally-adjusted terms in July, down from the 0.68% increase in June. Annual average growth in industrial production, meanwhile, edged down to 5.8% in July from June’s 5.9%.

FocusEconomics Consensus Forecast participants expect industrial production to rise 5.9% 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  

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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 Yield3.18-0.40 %Jul 31
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