Description
The indicator is compiled and published by the China Association of Automobile Manufacturers (CAAM). This indicator measures the total number of commercial and passenger vehicles produced over a specified period. It is often used to gauge the health of the automotive industry and, by extension, the broader industrial sector. High production numbers are generally seen as a positive indicator of economic growth and industrial activity, while low numbers may indicate economic slowdowns.
The accumulated value of vehicle production is calculated by summing up the total number of commercial and passenger vehicles produced over the reporting period. This includes both domestic and internationally oriented production.
This data is typically updated on a monthly basis, providing cumulative figures for the year up to the latest month.