China's industrial production expanded by 3.9% yoy in June 2022, compared with market consensus of 4.1% and much faster than a 0.7% gain in May. The latest result was the second straight month of growth in industrial output, as the economy emerged further from COVID-19 strict restrictions. Production picked up strongly for both manufacturing (3.4% vs 0.1% in May) and utilities (3.3% vs 0.2%) while mining output growth quickened (8.7% vs 7.0%). Among manufacturing, production grew further for both chemical raw material and chemical products (5.4% vs 5.0% in May), communication (11.0% vs 7.3%), amid a rebound in production of automobile (16.2% vs -7.0%), general equipment (1.1% vs -15.8%), and electricity and heat production and supply industries (3.2% vs -0.8%). In contrast, there were falls in production of food processing industry (-0.3% vs 1.6%) and textiles (-3.9% vs -3.5%). For the first half of the year, industrial output advanced by 3.4% from the same period of 2021. source: National Bureau of Statistics of China
Industrial Production in China averaged 11.49 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 August of 2022.
Industrial Production in China is expected to be 4.10 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.