China's industrial production unexpectedly fell by 2.9% yoy in April 2022, missing consensus of a 0.4% growth and shifting from a 5% gain in March. It was the first decline in industrial production since March 2020, as widening COVID-19 lockdown measures snarled supply chains and paralyzed distribution. Manufacturing fell (-4.6% vs 4.4%), and there were softer rises in utilities production (1.5% vs 4.6%) and mining output (9.5% vs 12.2%). Among manufacturing, production shrank for chemical raw material and chemical products (-0.6% vs 3.0% in March), automobile (-31.8% vs -1.0%), general equipment (-15.8 percent vs -0.7 percent), textiles (-6.3 percent vs 0.7 percent), and food processing industry (-0.1 percent vs 6.1 percent). In addition, there was a slower increase in communication (4.9 percent vs 12.5 percent), electricity and heat production and supply industries (0.9 percent vs 3.9 percent). For the first 4 months of the year, industrial output grew by 4% from a year earlier. source: National Bureau of Statistics of China
Industrial Production in China averaged 11.53 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 May of 2022.
Industrial Production in China is expected to be 4.50 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.