Description
China's industrial product sales rate is released by China's National Bureau of Statistics (NBS). This indicator is the ratio of industrial sales output value to the total industrial output value in the same period during the reporting period. It is used to measure the degree of sales of industrial products and is an important indicator for evaluating the connection between industrial production and sales. A high sales rate indicates good market acceptance of the product and corporate production matches demand; while a low sales rate may indicate insufficient market demand or product backlog.