Industrial capacity utilization rate in China decreased to 76.0 percent in the fourth quarter of 2018 from 76.5 percent in the previous period and reaching the lowest figure since the first quarter of 2017. The utilization rate of manufacturing industry declined by 2.0 percentage points year-on-year to 76.5 percent and for mining industry was down 2.2 percentage points to 70.2 percent. Also, the utilization rate of electricity, heat, and gas, water production fell 0.9 percentage points to 73.6 percent. Considering 2018 whole year, industrial capacity utilization was 76.5 percent, down 0.5 percentage points from a year earlier. Capacity Utilization in China averaged 74.99 percent from 2013 until 2017, reaching an all time high of 78.0 percent in the fourth quarter of 2017 and a record low of 72.90 percent in the first quarter of 2016.
Capacity Utilization in China is expected to be 76.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Capacity Utilization in China to stand at 76.20 in 12 months time. In the long-term, the China Industrial Capacity Utilization is projected to trend around 76.00 percent in 2020, according to our econometric models.