China's industrial production rose by 3.9 percent year-on-year in April 2020, reversing from a 1.1 percent fall in the previous month and compared with market expectations of a 1.5 percent gain. This was the first growth in industrial output since December last year, as the economy slowly emerges from the COVID-19 outbreak. There was an upturn in both manufacturing output (5.0 % vs -1.8% in March) and utilities (0.2% vs -1.6%) while mining production slowed (0.3% vs 4.2%). Among major industries, output rose for electrical machinery (9%), metal products (8.9%), general equipment manufacturing (7.5%), food manufacturing (7.5%), automotive (5.8%), rubber and plastics (5.2%), pharmaceuticals (4.8%), ferrous metal smelting (4.6%), non-metallic mineral products (4.2%), agriculture (3%), chemical raw materials and products (3.2%). In contrast, production fell for power equipment (-0.2%).
Industrial Production in China averaged 11.74 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 June 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 5.20 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.