Description
China's Industrial Value Added (IVA) is compiled and released by China's National Bureau of Statistics (NBS). This indicator measures the growth of industrial output and is often used to observe the health of the industrial sector and overall economic activity. Generally speaking, higher values indicate strong industrial activity, while lower values may indicate a slowdown.
Note:
1. Industrial added value is calculated based on the added value of industrial enterprises above designated size, which usually includes enterprises with annual operating income of more than 20 million yuan.
2. Seasonally Adjusted (SA) refers to statistically measuring, separating and adjusting the seasonal factors hidden in the data from the series, so that the economic data can more accurately reflect the real economic changes. .