Description
This indicator is compiled and published by the China Association of Automobile Manufacturers (CAAM). This indicator measures the total accumulated production volume of cargo vehicles over a specific period. It is used to gauge the health of the commercial vehicle manufacturing sector and can be an indicator of economic activity in the logistics and transportation sectors. Higher production volumes generally indicate stronger demand and economic growth, while lower volumes may signal a slowdown.
The indicator is calculated by aggregating the total number of cargo vehicles produced over a specified period. It includes all commercial cargo vehicles manufactured within the country.
This data is updated monthly, with the accumulated value reflecting the total production volume from the beginning of the year up to the reporting month.