Description
The indicator is published by the China Association of Automobile Manufacturers (CAAM). This indicator measures the year-on-year change in the production volume of commercial passenger vehicles for the current month. It is commonly used to gauge the health of the automotive industry and its contribution to the overall economy. A higher year-on-year growth rate indicates a robust automotive sector, while a lower or negative growth rate may signal potential issues in the industry.
The indicator is calculated by comparing the production volume of commercial passenger vehicles in the current month with the same month in the previous year. The year-on-year growth rate is expressed as a percentage.
This data is updated monthly, typically within the first two weeks of the following month.