Description
The indicator is published by the China Association of Automobile Manufacturers (CAAM). This indicator measures the number of commercial vehicles produced within a given month. It is a critical gauge for assessing the health of the automotive industry, which in turn is a significant component of the manufacturing sector and overall economic activity. Higher production volumes typically indicate strong demand and economic growth, while lower volumes may signal economic slowdowns or reduced demand.
The Vehicle Production Volume is calculated by aggregating the total number of commercial vehicles produced by various manufacturers within China during the specified month. This includes trucks, buses, and other commercial vehicles.
This data is updated monthly and is typically released within the first two weeks of the following month.