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.