China's industrial production expanded 1.3% yoy in December 2022, more than market estimates of a 0.2% rise but slowing from a 2.2% growth in the previous month. This was the weakest growth in industrial production since May, amid rising COVID infections and a downturn in the property sector. Among sectors, output of both manufacturing and mining eased, amid a rebound in utilities. Within manufacturing, output grew for coal mining & washing (3.7%), oil & gas (6.7 %), chemical raw materials (11%), ferrous metal smelting (2.8%), non-ferrous metal smelting (6.3%), electrical machinery (10.8%) electricity (8.6%), and communication (1.1%); while production shrank for agriculture (-2.0%), textiles (-3.0%), general manufacturing (-3.4%), and automotive (-0.5%). For the whole year of 2022, the industrial production rose by 3.6% from a year earlier. source: National Bureau of Statistics of China
Industrial Production in China averaged 11.37 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 January of 2023.
Industrial Production in China is expected to be 2.70 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 3.90 percent in 2024, according to our econometric models.