China Industry
Industrial output growth ebbs in May
Industrial output increased 3.5% year on year in May (April: +5.6% yoy), slightly below market expectations and weighed on by soft goods demand at home and abroad. The reading was largely due to a deterioration in manufacturing production growth and a contraction in mining output.
On a seasonally adjusted monthly basis, industrial output rebounded, rising 0.6% in May (April: -0.3% mom). Meanwhile, annual average industrial production growth rose to 3.6% in May (April: +3.0%).
China Industry Chart
This chart displays Industrial Production (annual variation in %) for China from 2013 to 2022.
China Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 6.2 | 5.7 | 2.8 | 9.6 | 3.6 |