China Q4 Industrial Capacity Utilization Rate Highest in 3 Years

China's industrial capacity utilization rate increased to 76.2% in Q4 of 2024, up from 75.9% in the same period a year earlier, marking the highest rate since Q4 of 2021.

The industrial capacity utilization rate accelerated for both manufacturing (76.4% vs.

76.0% in Q4 of 2023) and electricity, heat, gas, and water supply (74.8% vs.

74.4%), while moderating for mining (75.6% vs.

77.1% in Q4 of 2023).

In Q3, the industrial capacity utilization rate stood at 75.1%.

For the full year of 2024, capacity utilization averaged 75%, little changed from 75.1% in 2023.