Industry in China
China - Industry
Industrial output growth eases in March
Industrial output increased 5.0% year-on-year in March (January–February: +7.5% yoy), above market expectations. March's figure was largely due to a deterioration in manufacturing output growth. In addition, energy production decelerated. In contrast, mining production accelerated.
On a seasonally-adjusted monthly basis, industrial output rose at a softer pace of 0.4% in March (February: +0.5% mom). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 6.0% in March, down from February's 6.8% reading.
FocusEconomics Consensus Forecast participants expect industrial production to rise 4.8% in 2022, which is down 0.1 percentage points from the previous month’s forecast. In 2023, the panel sees industrial production growth at 4.9%.
China - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 6.1 | 6.0 | 6.6 | 6.2 | 5.7 |
China Industry Chart
Source: National Bureau of Statistics of China and FocusEconomics calculations.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.17 | -0.40 % | Dec 31 |
| Exchange Rate | 6.96 | -0.19 % | Jan 01 |
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