China's industrial production rose by 5.6 percent from a year earlier in August 2020, the most since December 2019 and above market expectations of 5.1 percent, as the economy recovers from the COVID-19 shock. Output expanded for manufacturing (6 percent, the same as in July), electricity (5.8 percent vs 1.7 percent) and mining (1.6 percent vs -2.6 percent). Among major industries, production grew for machinery (15.1 percent vs 15.6 percent), communication (8.7 percent vs 11.8 percent), general equipment (10.9 percent vs 9.6 percent), ferrous metals (9.2 percent vs 7.9 percent), chemicals (6.9 percent vs 4.7 percent), non-metal minerals (5 percent vs 3.1 percent), power equipment (5.9 percent vs 1.7 percent), and textiles (3.3 percent vs 0.7 percent). Meantime, transport equipment output fell less (-0.3 percent vs -1.4 percent). For the first eight months of the year, industrial output increased by 0.4 percent.
Industrial Production in China averaged 11.66 percent from 1990 until 2020, reaching an all time high of 29.40 percent in August of 1994 and a record low of -21.10 percent in January of 1990. This page provides - China Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: National Bureau of Statistics of China
Industrial Production in China is expected to be 5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in China to stand at 5.90 in 12 months time. In the long-term, the China Industrial Production is projected to trend around 5.00 percent in 2021, according to our econometric models.