China Industrial Production
Feb 28, 2023
Apr 18, 2023
Time to Release
23 Days 5 Hours
|11.35 %||1990-2023||National Bureau of Statistics of China|
In China, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.
China's industrial production advanced 2.4% yoy in January-February 2023 combined, faster than a 1.3% gain in December 2022 but less than market forecasts of 2.6%. Manufacturing output quickened following the lifting of the zero-COVID policy, while activity slowed at both mining and utilities. Within manufacturing, output expanded for coal mining & washing (5.0%), oil & gas (4.2 %), chemical raw materials (7.8%), ferrous metal smelting (5.9%), non-ferrous metal smelting (6.7%), non-metallic mineral products (0.7%), electrical machinery (13.9%) electricity (2.3%), and agriculture (0.3%); while production fell for textiles (-3.5%), communication (-2.6%), general manufacturing (-1.2%), and automotive (-1.0%). In 2022, the industrial production grew by 3.6%.
China Industrial Production History
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