Description
The indicator is published by the China Association of Automobile Manufacturers (CAAM). This indicator measures the number of commercial and passenger vehicles produced within a given month. It serves as a crucial gauge for the automotive industry's health, reflecting both domestic demand and manufacturing capacity. Higher production volumes generally indicate robust economic activity and strong consumer demand, while lower volumes may suggest economic slowdowns or declining demand.
The Vehicle Production Volume is calculated by aggregating the total number of commercial and passenger vehicles produced within the month. The data is collected from various automobile manufacturers across the country and compiled by CAAM.
This data is updated monthly, typically released in the middle of the following month, providing the production figures for the previous month.