China's industrial production expanded 5.0% yoy in October 2022, less than market estimates of a 5.2% increase and after a 6.3% growth in the prior month which was the fastest pace in seven months. The slowdown highlighted that a recovery in the Chinese economy is losing momentum amid rising COVID cases and strict curbs as well as a downturn in the property sector. Among sectors, output growth slowed for both mining and manufacturing while activity related to utilities accelerated (4.0% vs 2.9%). Within manufacturing, output grew for coal mining & washing (3.0%), oil & gas (6.7%), chemical raw materials (9.8%), pharmaceuticals (1.6%), ferrous metal smelting (10.2%), general manufacturing (2.0%), special equipment manufacturing (3.0%), non-ferrous metal smelting (6.8%), automotive (18.7%), electrical machinery (16.3%), communication (9.4%), and electricity (4.1%); while production fell for agriculture (2.0%), textiles (-4.2%), and metal products (-3.1%). source: National Bureau of Statistics of China
Industrial Production in China averaged 11.42 percent from 1990 until 2022, 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 December of 2022.
Industrial Production in China is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Industrial Production is projected to trend around 4.10 percent in 2023 and 3.90 percent in 2024, according to our econometric models.