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

Macro

2026-06-16

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

AI Data Insight

The latest year-on-year growth rate of China's industrial production in Q2 2026 climbed to 4.5%, exceeding the market consensus expectation of 4.3% and significantly rebounding from the previous 4.1%. Benefiting from the explosion of global AI demand and the recovery of front-loaded "hoarding-style" exports, high-tech equipment and the overall manufacturing sector performed outstandingly, serving as a key support to effectively hedge against weak domestic demand.

AI Data Insight

The latest year-on-year growth rate of China's industrial production in Q2 2026 climbed to 4.5%, exceeding the market consensus expectation of 4.3% and significantly rebounding from the previous 4.1%. Benefiting from the explosion of global AI demand and the recovery of front-loaded "hoarding-style" exports, high-tech equipment and the overall manufacturing sector performed outstandingly, serving as a key support to effectively hedge against weak domestic demand.

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