China's industrial production soared 35.1 percent year-on-year in January-February 2021, after a 7.3 percent rise in December and well above market consensus of a 30 percent jump, suggesting the world's second-largest economy consolidated its recovery from last year's massive slump. Among major industries, gains were broad-based, with production rising for textiles (39.5 percent vs 5.2 percent in December); chemicals (30.8 percent vs 7.5 percent); non-metal minerals (44.8 percent vs 7.5 percent); ferrous metals (21.6 percent vs 10.7 percent); general equipment (62.4 percent vs 11.1 percent); transport equipment (48.9 percent vs 8.7 percent); machinery (69.4 percent vs 15.6 percent); communication (48.5 percent vs 11.4 percent); and power equipment (19.6 percent vs 5.4 percent). source: National Bureau of Statistics of China
Industrial Production in China averaged 11.74 percent from 1990 until 2021, reaching an all time high of 35.10 percent in January of 2021 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 April of 2021.
Industrial Production in China is expected to be 12.20 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 5.00 in 12 months time. In the long-term, the China Industrial Production is projected to trend around 5.50 percent in 2022 and 5.10 percent in 2023, according to our econometric models.