Industrial capacity utilization rate in China decreased slightly to 76.5 percent in the September quarter of 2018 from 76.8 percent in the previous period. The utilization rate of manufacturing industry fell 0.4 percentage points year-on-year to 76.9 percent. On the other hand, the utilization rate of mining industry was up 0.1 percentage points to 71.1 percent. Also, the rate of electricity, heat, and gas, water production rose 0.7 percentage points to 74.4 percent. Considering January to September, industrial capacity utilization was 76.6 percent, the same as a year earlier. 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 72.90 percent in the first quarter of 2016.
Capacity Utilization in China is expected to be 77.00 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 77.50 in 12 months time. In the long-term, the China Industrial Capacity Utilization is projected to trend around 77.50 percent in 2020, according to our econometric models.