Industrial production in China 2019 - 2023 Q2
China's industrial production on rollercoaster ride since 2020
The course of China's industrial production from the year 2000 to 2022 is already published here. As growth rates of industrial production have recently changed more strongly, this article follows their quarterly and monthly course.
Update July 27th, 2023 - The diagram shows the growth rates since June 2022. They move in a range from 1.3% to +6.3%. These are rates adjusted for prices, i.e. real growth rates and declines.
From January to June 2023 industrial production grew by 3.8% compared to the same period of previous year according to the National Statistical Office of China.
- Source: National Stataistical Office of China, Industrial Production Operation, 2023-07-18.
China's industrial production on rollercoaster ride since 2020
The diagram shows the quarterly index changes of China's industrial production since the second quarter 2019 up to the second quarter 2023.
The outbreak of the Corona pandemic in China led to strict lockdowns also at industrial plants, as well as production delays due to control measures.
Once the pandemic was largely overcome, industrial production skyrocketed. The pent-up domestic Chinese demand had to be met. And demand from still pandemic-stricken foreign countries was high.
The first quarter of 2022 indicated a normalization of industrial production at a higher level than before the outbreak of the pandemic.
