Description
The indicator is reported by China Association of Automobile Manufacturers (CAAM). This indicator measures the year-over-year growth rate of cargo vehicle production for the current month. It is used to gauge the performance and health of the commercial vehicle manufacturing sector, which can reflect broader economic trends and industrial activity. A higher growth rate indicates robust industrial activity and demand, while a negative growth rate may signal a slowdown in the sector.
The indicator is calculated by comparing the production volume of cargo vehicles in the current month to the same month in the previous year. It is expressed as a percentage change. The data is collected from manufacturing plants across China that produce commercial cargo vehicles.
This data is updated monthly and is typically released within the first two weeks of the following month.