China's industrial production grew by 4.5% year-on-year in March 2024, much softer than a 7% growth in January-February combined and below market forecasts of 5.4%. It was the softest expansion in industrial output since last September, due to weaker rises in all activities: manufacturing (5.1% vs 7.7% in Jan-Feb), utilities (4.9% vs 7.9%), and mining (0.2% vs 2.3%). By industries, production moderated for computer and communications (10.6% vs 14.6%), textile (2.5% vs 6.6%), oil and natural gas mining industry (1.5% vs 3.0%), non-ferrous metals (11.2% vs 12.5%), cars (0.9% vs 9.8%), and chemicals (9.1% vs 10.0%). Simultaneously, general equipment production stalled after rising 4.1% in the previous period, while coal, mining, and washing contracted (-1.6% vs 1.4%). On a monthly basis, the industrial output edged down by 0.08%. For the first quarter of the year, industrial output expanded by 6.1%. source: National Bureau of Statistics of China
Industrial Production in China increased 4.50 percent in March of 2024 over the same month in the previous year. Industrial Production in China averaged 11.14 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 April of 2024.
Industrial Production in China increased 4.50 percent in March of 2024 over the same month in the previous year. Industrial Production in China is expected to be 4.70 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 5.60 percent in 2025 and 4.10 percent in 2026, according to our econometric models.