China's industrial production rose 6.9 percent year-on-year in December 2019, accelerating from a 6.2 percent increase in the previous month and easily beating market consensus of 5.9 percent. This was the sharpest yearly growth in industrial output since March last year, amid government support to prop up demand. By industry, production expanded for chemicals (7.7 percent vs 7.9 percent), non-metal minerals (8.4 percent vs 8.6 percent); ferrous metals (10.7 percent, the same as in November), general equipment (4.9 percent vs 6.2 percent), communication (11.6 percent vs 9.7 percent), machinery (12.4 percent vs 12.6 percent), textile (0.2 percent vs 2.5 percent), and power equipment (7.0 percent vs 6.8 percent). In contrast, transport equipment output slumped 6.8 percent, reversing a 0.1 percent increase in November. Considering full 2019, industrial production grew 5.7 percent from a year earlier. Industrial Production in China averaged 11.94 percent from 1990 until 2019, 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. source: National Bureau of Statistics of China

Industrial Production in China is expected to be 5.70 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 5.20 in 12 months time. In the long-term, the China Industrial Production is projected to trend around 5.00 percent in 2020, according to our econometric models.

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China Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
6.90 6.20 29.40 -21.10 1990 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-18 02:00 AM Sep 5.8% 4.4% 5% 4.7%
2019-11-14 02:00 AM Oct 4.7% 5.8% 5.4% 5.6%
2019-12-16 02:00 AM Nov 6.2% 4.7% 5% 4.9%
2020-01-17 02:00 AM Dec 6.9% 6.2% 5.9% 5.7%
2020-03-16 02:00 AM Jan-Feb 6.9% 6.2%


News Stream
2019-12-16
China Industrial Output Growth Hits 5-Month High
China's industrial production increased by 6.2 percent year-on-year in November of 2019, following a 4.7 percent rise in the previous month and beating market consensus of a 5 percent gain. This was the sharpest yearly growth in industrial output since June, suggesting government support propped up demand. Output rose further in manufacturing (6.3% vs 4.6% in October); mining (5.7% vs 3.9%) and utilities (6.7% vs 6.6%). By industry, production advanced at a faster pace for chemicals (7.9% vs 3% in October); non-metal minerals (8.6% vs 4.1%); ferrous metals (10.7% vs 6.3%); general equipment (6.2% vs 3.1%); communication (9.7% vs 8.2%); electrical machinery (12.6% vs 10.7%); and power equipment (6.8% vs 6.7%). In addition, production of textiles rebounded (2.5% vs -1.3%). Meanwhile, transport equipment output growth slowed (0.1% vs 3%). Considering the first eleven months of the year, industrial production went up 5.6 percent from the same period a year earlier.

2019-11-14
China Industrial Output Rises Less than Estimated
China's industrial production increased by 4.7 percent year-on-year in October of 2019, slowing from a 5.8 percent rise in the previous month and missing market consensus of 5.4 percent. Output growth eased for both manufacturing (4.6% vs 5.6% in September) and mining (3.9% vs 8.1%). Meantime, utilities production rose faster (6.6% vs 5.9%). By industry, production advanced at a slower pace for chemicals (3% vs 3.3% in September), non-metal minerals (4.1% vs 7%), ferrous metals (6.3% vs 9.5%), transport equipment (3% vs 4.7%), computer, communication (8.2% vs 11.4%) and electrical machinery (10.7% vs 12.1%). In addition, production of textiles fell (-1.3% vs 0.6%). In contrast, output growth accelerated for power equipment (6.7% vs 5.4%). Considering the first ten months of the year, industrial production went up 5.6 percent from the same period a year earlier.

2019-10-18
China Industrial Output Growth at 3-Month High
China's industrial production increased by 5.8 percent year-on-year in September 2019, after a 4.4 percent rise in the previous month and beating market consensus of 5 percent. This was the largest gain in industrial output since June, as production rose further for both manufacturing (5.6% vs 4.3% in August) and mining (8.1% vs 3.7%). Meantime, utilities output growth was steady (at 5.9%). By industry, production advanced at a faster pace for textiles (0.6% vs 0.1%), chemicals (3.3% vs 1.2%), communication (11.4% vs 4.7%), power equipment (5.4% vs 5.1%), and machinery (12.1% vs 10%). On the other hand, output growth eased for non-metal minerals (7% vs 8.1%), ferrous metals (9.5% vs 10.4%), and transport equipment (4.7% vs 7.8%). Considering January to September period, industrial production went up 5.6 percent.

2019-09-16
China Industrial Output Growth at 17-1/2-Year Low
China's industrial production increased by 4.4 percent year-on-year in August 2019, easing from a 4.8 percent rise in the previous month and missing market consensus of 5.2 percent. This was the smallest gain in industrial output since February 2002, on the back of an escalating trade dispute with the US and sluggish domestic demand. Production growth slowed in manufacturing (4.3% vs 4.5% in July), mining (3.7% vs 6.6%), and utilities (5.9% vs 6.9%). By industry, production advanced at a softer pace for textiles (0.1% vs 1.2%), chemicals (1.2% vs 3.8%), non-metal minerals (8.1% vs 8.7%), communication (4.7% vs 6.1%), transport equipment (7.8% vs 15.7%), and power equipment (5.1% vs 6.5%). Meanwhile, output rose further for both ferrous metals (10.4% vs 10%), and machinery (10% vs 7.6%). From January to August 2019, industrial production grew 5.6 percent.

2019-08-14
China Industrial Output Growth at Over 17-Year Low
China's industrial production increased 4.8 percent year-on-year in July 2019, the weakest annual gain since February 2002 and below market consensus of 5.8 percent, on the back of escalating trade dispute with the US and sluggish domestic demand. Production slowed for both manufacturing (4.5% vs 6.2% in June) and mining (6.6% vs 7.3%). Meantime, utilities output growth accelerated (6.9% vs 6.6%). By industry, production advanced at a softer rate for textiles (1.2% vs 1.6%), chemicals (3.8% vs 5.4%), non-metal minerals (8.7% vs 9.5%), ferrous metals (10% vs 13.7%), general equipment (0.7% vs 2.6%), machinery (7.6% vs 11.3%), and communication (6.1% vs 10.4%). Meanwhile, production rose faster for both transport equipment (15.7% vs 14.5%) and power equipment (6.5% vs 5.6%). From January to July, industrial production grew 5.8 percent.

2019-07-15
China Industrial Output Growth Accelerates
China's industrial output expanded 6.3 percent year-on-year in June 2019, accelerating from a 5 percent growth in the previous month and beating market consensus of 5.2 percent, boosted by increases in production of manufacturing (6.2 percent vs 5 percent in May), utilities (6.6 percent vs 5.9 percent) and mining (7.3 percent vs 3.9 percent). By industry, output growth accelerated for textiles (1.6 percent vs 0.7 percent); chemicals (5.4 percent vs 3.5 percent); ferrous metals (13.7 percent vs 11.7 percent); general equipment (2.6 percent vs 2.5 percent); transport equipment (14.5 percent vs 8.3 percent); machinery (11.3 percent vs 8.8 percent); and power equipment (5.6 percent vs 5 percent). Meanwhile, production slowed for non-metal minerals (9.5 percent vs 9.9 percent) and communication (10.4 percent vs 10.6 percent). Considering the first six months of 2019, industrial production grew 6 percent compared with the same period the prior year.


China Industrial Production
In China, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.

China Business Last Previous Highest Lowest Unit
Business Confidence 50.20 50.20 59.20 38.80 points [+]
Services PMI 52.50 53.50 54.70 50.00 points [+]
Manufacturing PMI 51.50 51.80 52.30 47.20 points [+]
Non Manufacturing PMI 53.50 54.40 62.20 50.80 percent [+]
Industrial Production 6.90 6.20 29.40 -21.10 percent [+]
Industrial Production Mom 0.58 0.66 1.32 0.13 percent [+]
Manufacturing Production 7.00 6.30 11.40 4.30 percent [+]
New Orders 51.20 51.30 65.10 32.30 points [+]
Changes in Inventories 15873.10 14185.80 15873.10 3.00 CNY HML [+]
Total Vehicle Sales 2659000.00 2456879.00 3060271.00 88416.00 [+]
Car Production 2185380.00 2163000.00 2669100.00 215533.00 Units [+]
Car Registrations 2213089.00 2057000.00 2672300.00 213534.00 [+]
Internet Speed 7583.32 6295.74 7583.32 635.70 KBps [+]
IP Addresses 98862937.00 104032031.00 119094184.00 28818357.00 IP [+]
Mining Production 5.60 5.70 8.10 -3.80 percent [+]
Steel Production 80287.00 81521.00 89091.00 4918.00 Thousand Tonnes [+]
Capacity Utilization 77.50 76.40 78.00 72.90 percent [+]
Competitiveness Index 73.90 72.61 73.90 4.55 Points [+]
Competitiveness Rank 28.00 28.00 34.00 26.00 [+]
Composite Pmi 52.60 53.20 53.70 48.00 points [+]
Cement Production 19935.00 22487.40 23427.00 781.50 Ten Thousands of Tonnes [+]
Corruption Index 39.00 41.00 41.00 21.60 Points [+]
Corruption Rank 87.00 77.00 100.00 40.00 [+]
Corporate Profits 5610070.00 5015100.00 7518710.00 1617.00 CNY Million [+]
Ease of Doing Business 31.00 46.00 99.00 31.00 [+]
Electricity Production 654400.00 589000.00 668200.00 41760.00 Gigawatt-hour [+]