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.