Description
China's industrial product sales rate is released by China's National Bureau of Statistics (NBS). This indicator is usually used to evaluate the market demand trends of industrial products and the ability of industrial enterprises to adapt to the market. Generally speaking, when the annual growth rate of sales rate is positive, it usually means that market demand is stable and sales are good; if it is negative, it may indicate that market demand is weak or product backlog has worsened.
Note: Industrial product sales rate = industrial sales revenue/total industrial output value