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

Macro

2026-08-17

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 value-added industrial output of enterprises above designated size fell to 4.5% YoY in July 2026, a significant slowdown from the previous 5.3% and below market consensus expectations. This data decline was primarily driven by extreme weather disruptions and persistently weak domestic demand, although high-tech manufacturing remained supportive. Downward economic pressures have prompted market expectations that the probability of the PBOC implementing RRR or interest rate cuts in the short term has significantly increased.

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AI Data Insight

China's value-added industrial output of enterprises above designated size fell to 4.5% YoY in July 2026, a significant slowdown from the previous 5.3% and below market consensus expectations. This data decline was primarily driven by extreme weather disruptions and persistently weak domestic demand, although high-tech manufacturing remained supportive. Downward economic pressures have prompted market expectations that the probability of the PBOC implementing RRR or interest rate cuts in the short term has significantly increased.

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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