China’s industrial production advanced by 5.1% year-on-year in July 2024, below market expectations of 5.2% while easing from a 5.3% growth in the prior month. The latest reading marked the third straight month of moderation in industrial output, with growth hitting its lowest since March, mainly due to a slowdown in manufacturing activity (5.3% vs 5.5% in June) and utilities (4.0% vs 4.8%) as economic recovery stayed fragile. Among industries, 33 out of 41 major sectors registered growth, notably coal, mining & washing (4.7%), oil & natural gas (5.7%), chemical products (8.6%), textiles (5.9%), non-ferrous metal smelting and rolling processing (9.4%), railway, shipbuilding, aerospace and other transportation equipment (12.7%), automobile (4.4%), computer, communication and other electronic equipment (14.3%), and utilities (3.2%). Monthly, industrial activity advanced 0.35%, after a 0.4% gain in June. On a year-to-date basis, industrial output expanded 5.9%. source: National Bureau of Statistics of China
Industrial Production in China increased 5.10 percent in July of 2024 over the same month in the previous year. Industrial Production in China averaged 11.08 percent from 1990 until 2024, 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 September of 2024.
Industrial Production in China increased 5.10 percent in July of 2024 over the same month in the previous year. 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 5.60 percent in 2025 and 4.10 percent in 2026, according to our econometric models.