China Industrial Production
Core measure of China's industrial intensity — output of manufacturing, mining, and utilities.
106.6Index
Trend YoY growth is -0.4%, accelerating by 3 bps/month over the last 3Y. Latest: +0.3%, 63 bps above trend, a 0.2σ deviation.
Level
YoY %
y = −1.1% + 3 bps/mo · t
Deviation from trend
Forecast
Rolling 1Y trend forecast
| Forecast made in | Dec '22 | Jan '23 | Feb '23 | Mar '23 | Apr '23 | May '23 | Jun '23 | Jul '23 | Aug '23 | Sep '23 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec '22 | -0.4% | +0.4% | +1.2% | +1.9% | +2.7% | +3.5% | +4.3% | +5.1% | +5.9% | +6.8% | +7.5% | +8.4% | +9.1% | +9.9% | +10.8% | +11.5% | +12.3% | +13.1% | +13.9% | +14.7% | +15.5% | +16.3% | +17.1% | +17.9% |
| Jan '23 | +0.4% | +1.2% | +1.9% | +2.7% | +3.5% | +4.3% | +5.1% | +5.9% | +6.8% | +7.5% | +8.4% | +9.1% | +9.9% | +10.8% | +11.5% | +12.3% | +13.1% | +13.9% | +14.7% | +15.5% | +16.3% | +17.1% | +17.9% | |
| Feb '23 | +1.2% | +1.9% | +2.7% | +3.5% | +4.3% | +5.1% | +5.9% | +6.8% | +7.5% | +8.4% | +9.1% | +9.9% | +10.8% | +11.5% | +12.3% | +13.1% | +13.9% | +14.7% | +15.5% | +16.3% | +17.1% | +17.9% | ||
| Mar '23 | +2.5% | +3.5% | +4.5% | +5.5% | +6.5% | +7.5% | +8.5% | +9.5% | +10.5% | +11.5% | +12.6% | +13.6% | +14.5% | +15.6% | +16.6% | +17.6% | +18.6% | +19.6% | +20.6% | +21.6% | +22.6% | |||
| Apr '23 | +2.4% | +3.2% | +4.1% | +4.9% | +5.8% | +6.6% | +7.5% | +8.3% | +9.2% | +10.0% | +10.9% | +11.7% | +12.5% | +13.4% | +14.2% | +15.1% | +15.9% | +16.8% | +17.6% | +18.5% | ||||
| May '23 | +0.7% | +1.1% | +1.5% | +2.0% | +2.4% | +2.8% | +3.2% | +3.6% | +4.0% | +4.5% | +4.9% | +5.3% | +5.7% | +6.1% | +6.5% | +6.9% | +7.4% | +7.8% | +8.2% | |||||
| Jun '23 | +3.0% | +3.6% | +4.2% | +4.8% | +5.4% | +6.1% | +6.7% | +7.3% | +7.9% | +8.5% | +9.1% | +9.7% | +10.3% | +10.9% | +11.5% | +12.1% | +12.7% | +13.3% | ||||||
| Jul '23 | +3.3% | +3.8% | +4.4% | +4.9% | +5.4% | +6.0% | +6.5% | +7.1% | +7.6% | +8.1% | +8.7% | +9.2% | +9.7% | +10.3% | +10.8% | +11.4% | +11.9% | |||||||
| Aug '23 | +2.7% | +3.0% | +3.4% | +3.7% | +4.1% | +4.5% | +4.8% | +5.2% | +5.5% | +5.9% | +6.2% | +6.6% | +7.0% | +7.3% | +7.7% | +8.0% | ||||||||
| Sep '23 | +2.5% | +2.8% | +3.2% | +3.5% | +3.8% | +4.2% | +4.5% | +4.8% | +5.1% | +5.5% | +5.8% | +6.1% | +6.5% | +6.8% | +7.1% | |||||||||
| Oct '23 | +2.3% | +2.5% | +2.8% | +3.1% | +3.4% | +3.6% | +3.9% | +4.2% | +4.5% | +4.7% | +5.0% | +5.3% | +5.6% | +5.8% | ||||||||||
| Nov '23 | +1.8% | +2.0% | +2.1% | +2.3% | +2.5% | +2.6% | +2.8% | +3.0% | +3.1% | +3.3% | +3.5% | +3.6% | +3.8% |