China's industrial production increased 14.1 percent year-on-year in March 2021, easing from a record 35.1 percent jump in January-February and missing market consensus of 17.2 percent. By industry, production growth slowed for textiles (7.5 percent vs 39.5 percent in January-February); chemicals (11.9 percent vs 30.8 percent); non-metal minerals (24.5 percent vs 44.8 percent); ferrous metals (12.3 percent vs 21.6 percent); general equipment (20.2 percent vs 62.4 percent); transport equipment (9.8 percent vs 48.9 percent); machinery (24.1 percent vs 69.4 percent); communication (12.2 percent vs 48.5 percent); and power equipment (13.6 percent vs 19.6 percent). The data comes amid a low base last year when industrial production dropped.1.1 percent, due to the impact of the coronavirus pandemic. For the first three months of the year, industrial output jumped by 24.5 percent. source: National Bureau of Statistics of China
Industrial Production in China averaged 11.75 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 May of 2021.
Industrial Production in China is expected to be 6.80 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 4.50 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.