China: Value-Added of Industry (YoY) - Total

Macro

2026-09-15

Description

China's Value-Added of Industry is calculated and published by the National Bureau of Statistics (NBS). This indicator measures the added value created by industrial enterprises with annual revenues above 20 million, reflecting short-term trends in China's industrial sector and the overall economic climate. A higher YoY growth rate in value-added indicates active industrial production and strong economic growth, while a lower rate suggests slower industrial production and weaker growth.

The data covers three main categories: manufacturing, mining, and utilities (such as electricity, gas, and water production and supply).

This data is typically released monthly, providing information on industrial production for the previous month.

Note: Value-added of industry = Gross industrial output value - Intermediate inputs + VAT payable for the current period.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Industry

AI Data Insight

China's industrial production year-on-year growth rate for August 2026 (Q3) accelerated to 5.2%, not only rebounding strongly from the previous value of 4.5% but also beating the market consensus expectation of 4.8%. This wave of growth was mainly driven by foreign trade demand and high-tech manufacturing, while retail and investment data remained weak, reflecting a K-shaped economic divergence characterized by "strong external demand and weak internal demand." In the future, close attention must be paid to whether authorities will further expand counter-cyclical policies to boost domestic demand.

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AI Data Insight

China's industrial production year-on-year growth rate for August 2026 (Q3) accelerated to 5.2%, not only rebounding strongly from the previous value of 4.5% but also beating the market consensus expectation of 4.8%. This wave of growth was mainly driven by foreign trade demand and high-tech manufacturing, while retail and investment data remained weak, reflecting a K-shaped economic divergence characterized by "strong external demand and weak internal demand." In the future, close attention must be paid to whether authorities will further expand counter-cyclical policies to boost domestic demand.

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Description

China's Value-Added of Industry is calculated and published by the National Bureau of Statistics (NBS). This indicator measures the added value created by industrial enterprises with annual revenues above 20 million, reflecting short-term trends in China's industrial sector and the overall economic climate. A higher YoY growth rate in value-added indicates active industrial production and strong economic growth, while a lower rate suggests slower industrial production and weaker growth.

The data covers three main categories: manufacturing, mining, and utilities (such as electricity, gas, and water production and supply).

This data is typically released monthly, providing information on industrial production for the previous month.

Note: Value-added of industry = Gross industrial output value - Intermediate inputs + VAT payable for the current period.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Industry