China Industrial Production

Data Industry

Source: National Bureau of Statistics China
Source Link: https://www.stats.gov.cn/
Frequency: Monthly
Next Release(s): March 15th, 2026 10:00 PM

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China’s industrial production rose +0.49% MoM and +5.2% YoY (vs +5.0% YoY expected) in December 2025, showing steady late-year output growth with strength concentrated in manufacturing and high-tech sectors.
- Full-year (Jan–Dec 2025) industrial value added increased +5.9% YoY, indicating a slightly firmer pace than the single-month December reading.
- December output by major sector was mixed, with mining up +5.4% YoY and manufacturing up +5.7% YoY, while electricity/heat/gas/water supply rose just +0.8% YoY, lagging the other categories.
- Ownership-level performance showed joint-stock enterprises rising +5.8% YoY and private enterprises +4.2%, compared with state-owned holding enterprises at +3.9% and foreign-invested enterprises (incl. HK/Macau/Taiwan) at +2.7%, indicating faster growth among domestic corporate groups.
- Growth was broad across industries, with 33 of 41 major industries posting YoY gains in December; computer/communication/electronic equipment rose +11.8%, transport equipment (railway/ship/aerospace) +9.2%, auto manufacturing +8.3%, and special equipment +8.2%, while wine/beverage/refined tea fell -0.5%.
- High-tech manufacturing continued to outperform, rising +11.0% YoY in December and +9.4% YoY in 2025, maintaining a clear growth premium versus overall industrial production.
- Product-level data showed ongoing weakness in some heavy-industry materials, with steel at 115.31m tons (-3.8% YoY) and cement at 144.16m tons (-6.6%), while ten non-ferrous metals rose +4.9% YoY and crude oil processing volume increased +5.0% YoY (62.46m tons).
- Vehicle output was soft overall at -2.8% YoY (3.412m units), but new energy vehicles increased +8.7% YoY (1.791m units), highlighting stronger growth in EV production versus total autos.
- Sales realization softened slightly even as export delivery rose, with the product sales rate at 98.2% (-0.7 ppts YoY) and export delivery value up +3.2% YoY to CNY 1,493.2bn (nominal).
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China’s industrial production rose +0.44% MoM and +4.8% YoY (vs +5.0% YoY expected) in November 2025, the lowest annual growth since August 2024.
- From January to November, industrial value added increased +6.0% YoY, indicating a firmer cumulative pace than the single-month reading.
- By sector, mining output grew +6.3% YoY, manufacturing rose +4.6% YoY, and electricity, heat, gas, and water supply increased +4.3% YoY, with mining outperforming other industrial categories.
- By ownership, joint-stock enterprises posted +5.2% YoY growth, state-controlled firms +4.2%, foreign-invested enterprises +3.4%, and private enterprises +3.2%, highlighting relatively stronger gains among larger corporate groups.
- High-tech manufacturing increased +8.4% YoY in November and +9.2% YoY over Jan–Nov, continuing to outpace overall industrial growth.
- Auto manufacturing rose +11.9% YoY, while railway, shipbuilding, aerospace, and other transport equipment also grew +11.9% YoY, supporting output growth in equipment-intensive industries.
- Product-level data showed vehicles up +2.4% YoY and new energy vehicles up +17.0% YoY, while steel (-2.6% YoY) and cement (-8.2% YoY) remained weak.
- Power generation increased +2.7% YoY, led by strong gains in hydropower (+17.1%), wind (+22.0%), and solar (+23.4%), while thermal power fell -4.2% YoY.
- The product sales rate declined to 96.5% (-0.8 ppts YoY) and export delivery value edged down -0.1% YoY, pointing to softer sales realization and external demand relative to production.
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China’s industrial value added increased +0.17% MoM and +4.9% YoY in October 2025, reflecting steady but uneven momentum across major sectors and product categories.
- Mining output rose +4.5% YoY, manufacturing increased +4.9% YoY, and electricity-heat-gas-water supply grew +5.4% YoY, showing broad contributions across all three industrial categories.
- By ownership, state-controlled enterprises posted +6.7% YoY growth, joint-stock enterprises +5.2%, foreign-invested firms +4.0%, and private enterprises +2.1%, indicating stronger gains among state-linked and larger corporate groups.
- Major industries showed wide variation: chemical materials rose +7.1% YoY, general equipment +6.9%, autos +16.8%, transport equipment +15.2%, and electronics +8.9%, while wine-beverage-tea (-1.9%), non-metallic minerals (-3.2%), and pharmaceuticals (-1.6%) contracted.
- Auto production reached 3.279M units (+11.2% YoY), including 1.710M NEVs (+19.3%), highlighting continued strength in vehicle demand.
- Steel output slipped -0.9% YoY, cement fell -15.8% YoY, and crude steel was down -12.1% YoY, pointing to persistent weakness in construction-related materials.
- High-tech and advanced equipment categories performed strongly: integrated circuits output rose +17.7% YoY, industrial robots +17.9%, and generator sets +16.9%, underscoring ongoing expansion in technology-intensive manufacturing.
- Power generation increased +7.9% YoY, with hydropower surging +28.2% and solar up +5.9%, while thermal generation rose +7.3% despite YoY declines earlier in the year.
- The product sales rate fell to 96.4% (-1.0 ppts YoY), and export delivery value declined -2.1% YoY, indicating softer external demand relative to domestic production trends.
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China’s industrial production rose +0.64% MoM and +6.5% YoY in September 2025, up from +6.2% YTD, reflecting solid momentum in manufacturing and energy-related output.
- Manufacturing output expanded +7.3% YoY, supported by gains in autos (+16.0%), electronic equipment (+11.3%), and general machinery (+9.3%), while utilities output edged up just +0.6% YoY.
- Mining rose +6.4% YoY, driven by oil and gas extraction (+8.9%) and coal mining (+6.4%), while electricity and heat production grew marginally (+0.5%).
- By ownership, joint-stock enterprises grew +6.8% YoY, state-owned firms +6.5%, and private firms +4.6%, showing broad but uneven growth across categories.
- High-tech manufacturing increased +10.3% YoY, led by computer and communication equipment (+11.3%), electrical machinery (+7.9%), and transportation equipment (+10.3%).
- Industrial robot output surged +28.3% YoY, while service robots rose +4.7%; new energy vehicle output climbed +20.3% YoY to 1.58M units.
- Steel production rose +5.1% YoY, while cement (-8.6%) and flat glass (-9.7%) both declined, suggesting weaker demand in construction materials.
- Power generation increased +1.5% YoY, as solar (+21.1%) and hydropower (+31.9%) gains offset declines in thermal (-5.4%) and wind (-7.6%) generation.
- The industrial sales rate improved to 96.7% (+0.6 ppts YoY), and export delivery value rose +3.8% YoY, indicating modest improvement in external demand.
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China’s industrial production rose +0.37% MoM and +5.2% YoY in August 2025, with YTD growth at +6.2% YoY, reflecting broad-based gains in manufacturing and equipment-related industries.
- Mining output rose +5.1% YoY, manufacturing +5.7%, and utilities (electricity, heat, gas, water) +2.4%, showing strength across major sectors.
- By ownership, joint-stock enterprises grew +6.0% YoY and private firms +4.6%, while foreign-invested enterprises lagged at +2.3%.
- High-tech manufacturing expanded +9.3% YoY, with electronic equipment (+9.9%), electrical machinery (+9.8%), and transport equipment (+12.0%) among the strongest performers.
- Autos rose +10.5% YoY, including +22.7% YoY growth in new energy vehicles, while crude oil processing was up +7.6% YoY.
- Steel output increased +9.7% YoY and ethylene +10.4%, though cement declined -6.2% YoY, signaling uneven materials demand.
- Industrial robot production jumped +14.4% YoY, but service robots fell -6.5% YoY, pointing to mixed dynamics in automation.
- Power generation rose +1.6% YoY, with strong gains in solar (+15.9%) and wind (+20.2%) offset by a -10.1% YoY decline in hydropower.
- The industrial sales rate slipped -0.1 ppts YoY to 96.6%, and export delivery value declined -0.4% YoY, suggesting external headwinds despite solid domestic production.
- Export delivery value was down -0.4% YoY but still up +3.0% YoY on a YTD basis.
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China’s industrial production rose +0.38% MoM, the weakest since April and the 2nd weakest of 2025, and +5.7% YoY (vs +5.9% YoY) in July 2025, with YTD growth at +6.3% YoY.
- Manufacturing output rose +6.2% YoY, mining +5.0%, and utilities +3.3%.
- By ownership, joint-stock enterprises grew +6.5% YoY, state-controlled +5.4%, private +5.0%, and foreign/HK/Macau/Taiwan-invested +2.8%.
- Key industry gains: transport equipment manufacturing (+13.7%), electrical machinery (+10.2%), autos (+8.5%, NEVs +17.1%), and ferrous metal smelting (+8.6%); non-metallic minerals fell -0.6%.
- Product highlights: crude oil processing (+8.9% YoY), steel (+6.4%), cement (-5.6%), ethylene (+9.1%), and power generation (+3.1%).
- Export delivery value was up +0.8% YoY in July, down from 4.0% YoY in June, while the product sales rate eased -0.2 ppts YoY to 97.1%.
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China’s industrial production rose 0.50% MoM and 6.8% YoY (vs 5.6% YoY expected) in June 2025, with YTD growth at 6.4% YoY, supported by strength in manufacturing and high-tech sectors.
- Manufacturing output rose 7.4% YoY; high-tech manufacturing increased 9.7% YoY, led by autos (+11.4%), electrical machinery (+11.4%), and electronic equipment (+11.0%).
- New energy vehicle production rose 18.8% YoY; industrial robots surged 37.9% YoY; solar cells output increased 24.1% YoY.
- Cement (-5.3% YoY), flat glass (-4.5% YoY), and crude steel (-9.2% YoY) were weak, reflecting soft demand in construction-related industries.
- Export delivery value rose 4.0% YoY, while the product sales rate fell -0.3 pp YoY to 94.3%.
- Power generation rose 1.7% YoY, with solar (+18.3%) and nuclear (+10.3%) offsetting declines in hydropower (-4.0%).
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China’s industrial production rose 0.61% MoM and 5.8% YoY (vs 5.9% YoY expected) in May, supported by strength in manufacturing, especially high-tech and transport equipment.
- Manufacturing output grew 6.2% YoY, led by auto production (+11.6% YoY), electrical machinery (+11.0% YoY), and electronic equipment (+10.2% YoY).
- High-tech manufacturing rose 8.6% YoY; production of industrial robots surged 35.5% YoY, while solar cells rose 27.8% YoY.
- Mobile handset production dropped -7.2% YoY with smartphone production down -1.7% YoY.
- Construction material production categories were notably weak in May: cement (-8.1% YoY), flat glass (-5.7% YoY), pig iron (-3.3% YoY), and crude steel (-6.9% YoY).
- New energy vehicle production jumped 31.7% YoY to 1.25 million units.
- Export delivery value rose just 0.6% YoY while the product sales rate fell -0.8 pp YoY to 95.9%.
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Chinese industrial production increased 0.22% MoM and 6.1% YoY in March, beating expectations of a sharper slowdown to 5.5% YoY. However, the monthly increase was the weakest in over a year.
- Both state-owned and private industrial firms saw production growth slow, to 2.9% YoY and 6.7% YoY respectively.
- Manufacturing production was up 6.6% YoY, slowing from 7.9% YoY in March.
- Export delivery value fell -7.6% MoM and was only up 0.9% YoY in April.
- Industrial production of mobile phones and microcomputer equipment both turned negative, down -11.9% YoY and 2.2% YoY respectively.
- Integrated circuit production growth slowed from 9.2% YoY to 4.0% YoY.
- Cement production was the weakest segment among commodities and building materials, down -5.3% YoY and down -2.8% YTD.
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Chinese industrial production increased 0.44% MoM and 7.7% YoY in March, topping expectations of a slight deceleration to 5.6% YoY.
- This is the strongest annual increase in production since June 2021.
- Mining production increased 9.3% YoY, a sharp acceleration from 4.3% YoY in the Jan-Feb period.
- Manufacturing production was up 7.9% YoY driven by high-tech manufacturing up 10.7% YoY.
- Private sector production expanded 8.2% YoY, the strongest since June 2021.
- The acceleration in mining production was caused by coal mining production up 10.6% YoY and oil & gas extraction up 6.8% YoY.
- Steel (+8.3% YoY), iron (+3.1% YoY), and cement (+2.5% YoY) production growth all accelerated in March.
- Electrical vehicle production remains strong, up 40.6% YoY, driving total auto production up 4.9% YoY.
- Strong growth rates in smartphone (+7.0% YoY) and integrated circuit (+9.2% YoY) production look tariff related as China faces escalating trade tensions with the US.
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Chinese industrial production increased 5.9% YoY in the January-February holiday period, above expectations of a cooler 5.3% YoY increase.
- Manufacturing production was up 6.9% YoY, down from 7.4% YoY but the second highest since April 2024.
- High tech manufacturing production growth accelerated from up 7.4% YoY in December to up 9.1% YoY.
- Private industrial production was up 6.7% YoY, the strongest since March 2022.
- Electrical machinery & equipment manufacturing (+12.0% YoY) and electronics manufacturing (+10.6% YoY) were both key areas of growth in tech manufacturing.
- China continues to see a surge in the production of industrial robots (+27.0% YoY) and service robots (+35.7% YoY).
- Auto manufacturing was up a strong 13.9% YoY which is a deceleration from 15.2% YoY in December. EV production, on the other hand, is up 47.7% YoY, an acceleration from 43.2% YoY in December.
- Integrated circuit production growth slower significantly from 12.5% YoY in December to just 4.4% YoY.
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Chinese industrial production grew at an 8-month high in December, up 6.2% YoY, beating expectations of 5.4% YoY growth.
- The acceleration in growth was a result of manufacturing firms seeing a boost in their expansion, growing at 7.4% YoY, up from 6.0% YoY in November and also an 8-month high. Additionally, there was a pickup in production growth for private firms from 4.5% YoY in November to 5.7% YoY in December.
- Electric vehicle production ended up 43.2% YoY in December and 38.7% YoY for the full year 2024. China also saw surges in production of integrated circuits (+22.2%) and solar power generation (+28.2%) in 2024 as it continues to try and take the lead in the semiconductor and renewable resources industries.
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