China's industrial production rose by 4.8 percent from a year earlier in June 2020, the largest increase in six months and slightly above market consensus of 4.7 percent, as the economy gradually emerged from COVID-19 pandemic and more factories reopened their activity. Output rose for manufacturing (5.1 percent vs 5.2 percent in May), mining (1.7 percent vs 1.1 percent), and utilities (5.5 percent vs 3.6 percent). Among major industries, production grew for electrical machinery (8.7 percent), metal products (2.6 percent), general equipment manufacturing (7.4 percent), automotive (13.4 percent), computer, communications and other electronic equipment (12.6 percent) pharmaceuticals (3.9 percent), ferrous metal smelting (6.3 percent), non-metallic mineral products (4.8 percent), chemical raw materials (4 percent) and power equipment (6.3 percent). For the first six months of 2020, industrial production fell by 1.3 percent.
Industrial Production in China averaged 11.70 percent from 1990 until 2020, reaching an all time high of 29.40 percent in August of 1994 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 August of 2020. source: National Bureau of Statistics of China
Industrial Production in China is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in China to stand at 5.90 in 12 months time. In the long-term, the China Industrial Production is projected to trend around 5.00 percent in 2021, according to our econometric models.