China's industrial production unexpectedly grew by 0.7% yoy in May 2022, easily beating market consensus of a 0.7% drop and reversing from a 2.9% fall in April. Manufacturing output rebounded following a relaxation in COVID-19 curbs in some major cities (0.1% vs -4.6% in April) and mining production contined to rise (7.0% vs 9.5%). Meantime, utility output was sluggish (0.2% vs 1.5%). Among manufacturing, production recovered for both chemical raw material and chemical products (5.0% vs -0.6% in April) and food processing industry (1.6% vs -0.1%), amid a faster rise in communication (7.3% vs 4.9%). In contrast, there were falls in production of automobile (-7.0% vs -31.8%), general equipment (-6.8% vs -15.8%), textiles (-3.5% vs -6.3%), and electricity and heat production and supply industries (-0.8% vs 0.9%). For the first five months of the year, industrial output expanded by 3.3% from the same period of 2021. source: National Bureau of Statistics of China
Industrial Production in China averaged 11.51 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 June of 2022.
Industrial Production in China is expected to be 1.50 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.