China Industrial Capacity Utilization Rate Accelerates in Q2

China's Industrial capacity utilization rate increased to 74.9 percent in Q2 of 2024 from 74.5 percent in the same period a year earlier, supported by faster rises in both mining activity (76.0% vs 74.8% in Q1 of 2023) and manufacturing (75.2% vs 74.8%).

At the same time, growth in electricity, heat, gas, and water was sustained (71.4% vs 71.4%).

In Q1, the industrial capacity utilization rate was at 73.6 percent.

For H1 of 2024, capacity utilization stood at 74.3%, little changed from 74.4% in H1 of 2023.

Last year, the industrial capacity utilization rate moderated to 75.1% from 75.6% in 2022.