Description
China's Vehicle Production Volume for Passenger Cars, specifically Sport Utility Vehicles (SUVs), is published by the China Association of Automobile Manufacturers (CAAM). This indicator measures the year-over-year (YoY) growth rate of SUV production for the current month. It serves as a benchmark for assessing the health of the automotive sector, consumer demand, and overall economic activity. A higher YoY growth rate indicates strong demand and production, while a lower or negative rate suggests weakening conditions.
The indicator is calculated by comparing the current month's SUV production volume with the same month in the previous year. The result is expressed as a percentage change.
This data is updated monthly and typically released within the first two weeks of the following month.