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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-07-15 02:00 AM
Industrial Production YoY
Jun 5.3% 5.6% 5% 5.3%
2024-08-15 02:00 AM
Industrial Production YoY
Jul 5.1% 5.3% 5.2% 5.0%
2024-09-14 02:00 AM
Industrial Production YoY
Aug 5.1% 4.7%


Related Last Previous Unit Reference
NBS Manufacturing PMI 49.10 49.40 points Aug 2024
Industrial Capacity Utilization 74.90 73.60 percent Jun 2024
Cement Production 15368.00 16397.00 Ten Thousands of Tonnes Jul 2024
Changes in Inventories 9327.40 14959.00 CNY Hundred Million Dec 2023
Industrial Profits (YTD) YoY 4099170.00 3511030.00 CNY Million Jul 2024
Electricity Production 8831.10 768520.00 Gigawatt-hour Jul 2024
Industrial Production YoY 5.10 5.30 percent Jul 2024
Industrial Production Mom 0.35 0.42 percent Jul 2024
Leading Economic Index 149.00 150.00 points Jun 2024
Manufacturing Production YoY 5.30 5.50 percent Jul 2024
Mining Production 4.60 4.40 percent Jul 2024
New Orders 49.30 49.50 points Jul 2024

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.30 35.10 -21.10 1990 - 2024 percent Monthly


News Stream
China Industrial Output Growth at 4-Month Low
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%.
2024-08-15
China Industrial Output Growth at 3-Month Low
China’s industrial production increased by 5.3% year-on-year in June 2024, beating market expectations of 5.0% while softening from a 5.6% growth in the prior month. The latest reading marked the second straight month of moderation in industrial output, with growth hitting its lowest since March, mainly due to a slowdown in manufacturing activity (5.5% vs 6.0% in May) as economic recovery stayed fragile. Among industries, 35 out of 41 major sectors posted growth, notably coal, mining & washing (4.4%), oil & natural gas (4.4%), chemical products (9.9%), textiles (5.1%), metal smelting and rolling processing (3.3%), non-ferrous metal smelting and rolling processing (10.2%), other transportation equipment (13.1%), automobile (6.6%), computer, communication and other electronic equipment (4.4%), and utilities (4.1%). Monthly, industrial activity expanded 0.4%, after a 0.3% rise in May. On a year-to-date basis, industrial output advanced 6.0%.
2024-07-15
China Industrial Output Growth Below Estimates
China’s industrial production expanded by 5.6% year-on-year in May 2024, coming less than market expectations of a 6% rise and easing from a 6.7% growth in the previous month. Output slowed for manufacturing (6% vs 7.5% in April) and utilities (4.3% vs 5.8%), while activity accelerated for mining (3.6% vs 2%). In terms of industries, 33 out of 41 major sectors posted growth, notably from chemical products (12.7%), other transportation equipment (11.8%), automobile (7.6%), textiles (5.3%), and wine, beverage and refined tea (5.1%). Compared to the prior month, industrial activity grew 0.3%, slowing from a 1% increase in April. On a year-to-date basis, industrial output was 6.2% higher than the same period last year.
2024-06-17