China Industrial Production

China’s industrial production expanded by 6.5% year-on-year in September 2025, accelerating from August’s 5.2% and surpassing expectations of 5.0%. This marked the fastest increase in industrial production since June, driven by faster growth in manufacturing activity (7.3% vs 5.7% in August) and mining ( 6.4% vs 5.1%) ahead of the Golden Week. Meanwhile, production of electricity, heat, gas, and water eased (0.6% vs 2.4%). Within manufacturing, 36 of 41 major industries recorded growth, including automotive (16.0%), computers and communications (11.3%), railway and shipbuilding (10.3%), ferrous metal smelating and rolling (2.2%), non-ferrous metal smelting and rolling (8.4%), chemical products (9.0%), textiles (2.2%), coal mining and washing (6.4%), oil and gas (8.9%), food manufacturing (6.0%), and heat production (0.5%). For the 1st nine months of the year, industrial production grew by 6.2%. Monthly, industrial output advanced by 0.64%, marking the strongest growth in seven months.