Industrial capacity utilization rate in China declined to 74.4 percent in the second quarter of 2020 from 76.4 percent in the same period a year ago, as the world's second-largest economy continued to battle with the coronavirus outbreak. The utilization rate dropped for all categories: manufacturing (74.8 percent vs 76.9 percent in Q2 2019); mining (72.1 percent vs 74.6 percent); and electricity, heat, and gas, water production (70.6 percent vs 70.8 percent). Considering the first six months of the year, industrial capacity utilization was at 71.1 percent, down 5.1 percentage points from the same period of 2019. Still, it compares with 67.3 percent in the first quarter of the year.
Capacity Utilization in China averaged 74.99 percent from 2013 until 2017, reaching an all time high of 78.0 percent in the fourth quarter of 2017 and a record low of 67.30 percent in the first quarter of 2020. This page provides - China Capacity Utilization- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Industrial Capacity Utilization - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: National Bureau of Statistics of China
Capacity Utilization in China is expected to be 70.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Capacity Utilization in China to stand at 76.50 in 12 months time. In the long-term, the China Industrial Capacity Utilization is projected to trend around 76.00 percent in 2021, according to our econometric models.