Industry in China

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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  

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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 Yield3.43-0.40 %Nov 15
Exchange Rate6.94-0.19 %Nov 15
Stock Market2,668-0.34 %Nov 15

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