China's industrial production increased by 7 percent year-on-year in November 2020, the most since March of 2019, and in line with market expectations, as activity continued to recover from the COVID-19 shock. Production rose for manufacturing (7.7 percent vs 7.5 percent in October), mining (2.0 percent vs 3.5 percent) and utilities (5.4 percent vs 4.0 percent). Among major industries, production expanded for chemicals (9.2 percent vs 8.8 percent), communication (9.3 percent vs 5 percent), electrical machinery (18 percent vs 17.6 percent), general equipment (10.2 percent vs 13.1 percent), ferrous metals (9.6 percent vs 11.2 percent), non-metal minerals (9.6 percent vs 9.3 percent), power equipment (5.1 percent vs 3.6 percent), and textiles (6.5 percent vs 9.5 percent). For the first eleven months of the year, industrial output rose by 2.3 percent. source: National Bureau of Statistics of China
Industrial Production in China averaged 11.63 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 January of 2021.
Industrial Production in China is expected to be 7.10 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 4.40 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.