China Industrial Production

Industrial Production in China increased 8.80 percent in March of 2014 over the same month in the previous year. Industrial Production in China is reported by the National Bureau of Statistics of China. Industrial Production in China averaged 13.15 Percent from 1990 until 2014, reaching an all time high of 29.40 Percent in August of 1994 and a record low of -21.10 Percent in January of 1990. In China, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - China Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.80 8.60 29.40 -21.10 9.75 | 2014/04 1990 - 2014 Percent Monthly


China Industrial Production

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-10 05:30 AM China
Industrial Production YoY
Nov 2013 10.0% 10.3% 10.1% 11.23%
2014-01-20 02:00 AM China
Industrial Production YoY
Dec 2013 9.7% 10% 9.8% 10.18%
2014-03-13 05:30 AM China
Industrial Production YoY
Jan-Feb 2014 8.6% 9.7% 9.5% 8.5%
2014-04-16 03:00 AM China
Industrial Production YoY
Mar 2014 8.8% 8.6% 9% 10.92%
2014-05-13 05:30 AM China
Industrial Production YoY
Apr 2014 8.8% 9.75%
2014-06-13 05:30 AM China
Industrial Production YoY
May 2014 9.56%

Business Last Previous Highest Lowest Forecast Unit
Business Confidence 124.30 2014-02-15 121.00 143.10 91.70 125.18 2014-06-30 [+]
Car Registrations 1710067.00 2014-03-15 1312197.00 1846846.00 213534.00 1736100.32 2014-03-31 Cars [+]
Changes in Inventories 11016.40 2012-06-29 12662.30 12662.30 3.00 11069.43 2012-12-31 CNY HML [+]
Industrial Production Mom 0.81 2014-03-15 0.61 1.32 0.33 0.87 2014-03-31 Percent [+]
Manufacturing PMI 50.30 2014-03-15 50.20 63.40 38.80 50.61 2014-04-30 Percent [+]
New Orders 50.60 2014-03-15 50.50 73.00 32.30 50.73 2014-04-30 Index Points [+]
Non Manufacturing PMI 54.50 2014-03-15 55.00 63.00 41.90 59.66 2014-04-30 Percent [+]
Services PMI 51.90 2014-03-31 51.00 54.70 50.70 50.91 2014-04-30 Index Points [+]
Industrial Production 8.80 2014-03-31 8.60 29.40 -21.10 9.75 2014-04-30 Percent [+]

Industrial Production | Notes
The data given on this page shows a year over year change in a seasonally adjusted Industrial Production Index. Industrial Production Index is an economic indicator that measures changes in output for the manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP, they are highly sensitive to interest rates and consumer demand. This makes Industrial Production an important tool for forecasting future GDP and economic performance. Industrial Production figures are also used by central banks to measure inflation, as high levels of industrial production can lead to uncontrolled levels of consumption and rapid inflation.


China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Chinese GDP Growth Slows in Q1  
China’s economy advanced 7.4 percent in the first quarter of 2014, slowing from a 7.7 percent expansion in the previous period, but beating market forecasts. It is the lowest growth since the third quarter of 2012, as exports and imports contracted and growth in fixed asset investment eased.
China Inflation Rate Accelerates in March  
Higher fresh food prices boosted Chinese annual consumer prices up to 2.4 percent in March of 2014, after slowing to 2 percent in the previous month. On a monthly basis, prices fell 0.5 percent.
China Reports Trade Surplus in March  
China's exports declined 6.6 percent in March of 2014 from a year earlier, while imports dropped 11.3 percent, leaving the country with a trade surplus of USD 7.7 billion. Although the trade balance rebounded from its USD 23 billion deficit in February, it was the second consecutive month exports contracted.
PBOC Widens Yuan’s Daily Trading Band  
People’s Bank of China decided on March 15th, 2014 to widen the trading band, allowing the Yuan to fluctuate by 2 percent from the parity daily, up from the previous 1 percent target. The decision, effective from March 17th aims to enable the market to play its roles and make the Yuan a freer currency.
China Inflation Decelerates in February  
Chinese annual inflation rate slowed to 2 percent in February after growing 2.5 percent in each of previous two months. It was the lowest rate in thirteen months.
China Posts Trade Deficit in February  
Chinese trade balance turned into a USD 22.9 billion deficit in February of 2014, the highest in two years, as exports tumbled 18 percent over a year earlier on Lunar Year distortions.
People’s Bank of China Drains Funds to Curb Lending Surge  
On February 18th, 2014, People’s Bank of China drained CNY 48 billion (USD 7.9 billion) from money markets to absorb liquidity, as bank lending jumped more than expected in January.
China Annual Inflation Rate Rises 2.5% in January  
China's consumer prices rate held steady at 2.5 percent in January, while producer prices fell 1.6 percent, official data from the National Bureau of Statistics showed.


US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.

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