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

Macro

2026-05-18

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

The latest YoY growth rate of China's industrial value-added in Q2 2026 (April) dropped to 4.1%, significantly lower than the 5.7% in the previous quarter (March) and falling below the market expectation of 5.9%. Growth in the manufacturing and mining sectors slowed notably, reflecting that cost pressures triggered by geopolitical conflicts in the Middle East and sluggish domestic consumption are weakening production momentum. Moving forward, close attention must be paid to the effectiveness of official stimulus policies and the supporting strength of the high-tech industry.

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AI Data Insight

The latest YoY growth rate of China's industrial value-added in Q2 2026 (April) dropped to 4.1%, significantly lower than the 5.7% in the previous quarter (March) and falling below the market expectation of 5.9%. Growth in the manufacturing and mining sectors slowed notably, reflecting that cost pressures triggered by geopolitical conflicts in the Middle East and sluggish domestic consumption are weakening production momentum. Moving forward, close attention must be paid to the effectiveness of official stimulus policies and the supporting strength of the high-tech industry.

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Macro
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