Industrial production in China rose 3.5 percent year-on-year in October 2021, accelerating from a 3.1 percent advance in the previous month and beating market forecasts of a 3 percent gain, despite curbs to control COVID-19 outbreaks and supply shortages. Output growth accelerated for communication (14.0 percent vs 9.5 percent), electricity and heat production and supply industries (10.7% vs 8.9%), while chemicals production rebounded (0.8 percent, after showing no growth in September). Meantime, production continued to expand for general equipment (1.0 percent vs 3.0 percent), machinery (5.3 percent vs 6.8 percent). By contrast, production dropped further for textiles (-5.9 percent vs -5.8 percent), non-metal minerals (-12.8 percent vs -1.1 percent), and ferrous metals (-12.8 percent vs -9.7 percent). For the first ten months of the year, industrial production grew 10.9 percent year-on-year. source: National Bureau of Statistics of China
Industrial Production in China averaged 11.65 percent from 1990 until 2021, 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 December of 2021.
Industrial Production in China is expected to be 5.00 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 5.50 percent in 2022 and 5.10 percent in 2023, according to our econometric models.