Industry in China
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 |
China Industry Chart
Source: National Bureau of Statistics of China and FocusEconomics calculations.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.17 | -0.40 % | Mar 11 |
| Exchange Rate | 6.73 | -0.19 % | Mar 11 |
| Stock Market | 3,027 | -0.34 % | Mar 11 |
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In January–February, nominal retail sales grew 8.2% on an annual basis, unchanged from December’s reading.
China: Industrial production loses momentum at the outset of the year
March 14, 2019
Industrial production increased 5.3% year-on-year in January–February, down from the 5.7% rise registered in December.
China: Investment growth inches up in January–February
March 14, 2019
Urban fixed asset investment expanded 6.1% year-to-date in the first two months of the year, slightly above the 5.9% increase in 2018 and the highest reading since May 2018.
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