Description
The indicator is published by the China Association of Automobile Manufacturers (CAAM). This indicator measures the year-over-year percentage change in the production volume of commercial vehicles for the current month. It is used to assess the health of the automotive industry and the broader manufacturing sector in China. A higher year-over-year growth rate indicates an expanding automotive sector, which can be a positive sign for the overall economy, while a lower or negative growth rate may signal contraction.
This data is updated monthly and typically released in the middle of the following month.