Description
China's Industrial Value Added (IVA) is compiled and released by China's National Bureau of Statistics (NBS). This indicator measures the growth of industrial output and is often used to observe the health of the industrial sector and overall economic activity. Generally speaking, higher values indicate strong industrial activity, while lower values may indicate a slowdown.
Note:
1. Industrial added value is calculated based on the added value of industrial enterprises above designated size, which usually includes enterprises with annual operating income of more than 20 million yuan.
2. The Seasonally Adjusted Annual Rate (SAAR) annualizes the quarterly (monthly) growth rate of a single quarter (month) (to the 4th or 12th power) to estimate changes throughout the year. Its value is usually higher than the annual rate. more volatile