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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-18 02:00 AM
Industrial Production YoY
Jan-Feb 7% 6.8% 5% 5.4%
2024-04-16 02:00 AM
Industrial Production YoY
Mar 4.5% 7% 5.4% 5.3%
2024-05-17 02:00 AM
Industrial Production YoY
Apr 4.5%


Related Last Previous Unit Reference
NBS Manufacturing PMI 50.80 49.10 points Mar 2024
Industrial Capacity Utilization 73.60 75.90 percent Mar 2024
Cement Production 15792.87 18978.58 Ten Thousands of Tonnes Dec 2023
Changes in Inventories 14959.00 10996.00 CNY Hundred Million Dec 2022
Industrial Profits (YTD) YoY 914060.00 7685830.00 CNY Million Feb 2024
Electricity Production 828980.00 730970.00 Gigawatt-hour Dec 2023
Industrial Production YoY 4.50 7.00 percent Mar 2024
Industrial Production Mom 0.56 1.16 percent Feb 2024
Leading Economic Index 151.80 152.00 points Feb 2024
Manufacturing Production YoY 7.10 6.70 percent Dec 2023
Mining Production 4.70 3.90 percent Dec 2023
New Orders 53.00 49.00 points Mar 2024
NBS Non Manufacturing PMI 53.00 51.40 percent Mar 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
4.50 7.00 35.10 -21.10 1990 - 2024 percent Monthly

News Stream
China Industrial Output Rises Less than Expected
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%.
2024-04-16
China Industrial Output Growth Beats Forecasts
China's industrial production expanded by 7.0% year-on-year in January-February 2024 combined, faster than a 6.8% growth in December 2023 and beating market forecasts of 5%. It was the fastest expansion in industrial output in almost two years, boosted by robust activities in manufacturing (7.7% vs 7.1% in December) and utilities (7.9% vs 7.3%), while mining continued to rise (2.3% vs 4.7%). By industries, production accelerated for computer and communications (14.6% vs 9.6%), and textile (6.6% vs 2.1%. Meanwhile, production continued to grow for coal mining and washing (1.4% vs 5.8%), oil and natural gas mining industry (3.0% vs 3.5%), non-ferrous metals (12.5% vs 12.9%), chemicals (10.0% vs 11.0%), general equipment (4.1% vs 4.6%), electrical machinery (4.6% vs 10.1%), and cars (9.8% vs 20.0%). On a monthly basis, the industrial output grew by 0.56%. In 2023, industrial output advanced by 4.6%.
2024-03-18
China Industrial Output Rises the Most in 22 Months
China's industrial production grew by 6.8% year-on-year in December 2023, accelerating from a 6.6% gain in the prior month and beating market forecasts of 6.6%. It was the steepest expansion in industrial output since February 2022, boosted by robust activities in both mining (4.7% vs 3.9% in November) and manufacturing (7.1% vs 6.7%) as well as a continued rise in the output related to utilities (7.3% vs 9.9%). By industries, production accelerated for coal mining and washing (5.8% vs 5.2%), oil and natural gas mining industry (3.5% vs 1.8%), non-ferrous metals (12.9% vs 10.2%), chemicals (11.0% vs 9.6%), and general equipment (4.6% vs 0.8%). Production continued to grow for electrical machinery (10.1% vs 10.6%), computer and communications (9.6% vs 10.6%), cars (20.0% vs 20.7%), other transport equipment (5.6% vs 12.7%), and textile (1.7% vs 2.1%. For the whole year, industrial output grew by 4.6% from a year earlier.
2024-01-17