Tiongkok - Pertumbuhan Produksi Industri (y-on-y)

China's industrial production increased by 6.2 percent year-on-year in November of 2019, following a 4.7 percent rise in the previous month and beating market consensus of a 5 percent gain. This was the sharpest yearly growth in industrial output since June, suggesting government support propped up demand. Output rose further in manufacturing (6.3% vs 4.6% in October); mining (5.7% vs 3.9%) and utilities (6.7% vs 6.6%). By industry, production advanced at a faster pace for chemicals (7.9% vs 3% in October); non-metal minerals (8.6% vs 4.1%); ferrous metals (10.7% vs 6.3%); general equipment (6.2% vs 3.1%); communication (9.7% vs 8.2%); electrical machinery (12.6% vs 10.7%); and power equipment (6.8% vs 6.7%). In addition, production of textiles rebounded (2.5% vs -1.3%). Meanwhile, transport equipment output growth slowed (0.1% vs 3%). Considering the first eleven months of the year, industrial production went up 5.6 percent from the same period a year earlier.

China's industrial production increased by 4.7 percent year-on-year in October of 2019, slowing from a 5.8 percent rise in the previous month and missing market consensus of 5.4 percent. Output growth eased for both manufacturing (4.6% vs 5.6% in September) and mining (3.9% vs 8.1%). Meantime, utilities production rose faster (6.6% vs 5.9%). By industry, production advanced at a slower pace for chemicals (3% vs 3.3% in September), non-metal minerals (4.1% vs 7%), ferrous metals (6.3% vs 9.5%), transport equipment (3% vs 4.7%), computer, communication (8.2% vs 11.4%) and electrical machinery (10.7% vs 12.1%). In addition, production of textiles fell (-1.3% vs 0.6%). In contrast, output growth accelerated for power equipment (6.7% vs 5.4%). Considering the first ten months of the year, industrial production went up 5.6 percent from the same period a year earlier.

China's industrial production increased by 5.8 percent year-on-year in September 2019, after a 4.4 percent rise in the previous month and beating market consensus of 5 percent. This was the largest gain in industrial output since June, as production rose further for both manufacturing (5.6% vs 4.3% in August) and mining (8.1% vs 3.7%). Meantime, utilities output growth was steady (at 5.9%). By industry, production advanced at a faster pace for textiles (0.6% vs 0.1%), chemicals (3.3% vs 1.2%), communication (11.4% vs 4.7%), power equipment (5.4% vs 5.1%), and machinery (12.1% vs 10%). On the other hand, output growth eased for non-metal minerals (7% vs 8.1%), ferrous metals (9.5% vs 10.4%), and transport equipment (4.7% vs 7.8%). Considering January to September period, industrial production went up 5.6 percent.

China's industrial production increased by 4.4 percent year-on-year in August 2019, easing from a 4.8 percent rise in the previous month and missing market consensus of 5.2 percent. This was the smallest gain in industrial output since February 2002, on the back of an escalating trade dispute with the US and sluggish domestic demand. Production growth slowed in manufacturing (4.3% vs 4.5% in July), mining (3.7% vs 6.6%), and utilities (5.9% vs 6.9%). By industry, production advanced at a softer pace for textiles (0.1% vs 1.2%), chemicals (1.2% vs 3.8%), non-metal minerals (8.1% vs 8.7%), communication (4.7% vs 6.1%), transport equipment (7.8% vs 15.7%), and power equipment (5.1% vs 6.5%). Meanwhile, output rose further for both ferrous metals (10.4% vs 10%), and machinery (10% vs 7.6%). From January to August 2019, industrial production grew 5.6 percent.

China's industrial production increased 4.8 percent year-on-year in July 2019, the weakest annual gain since February 2002 and below market consensus of 5.8 percent, on the back of escalating trade dispute with the US and sluggish domestic demand. Production slowed for both manufacturing (4.5% vs 6.2% in June) and mining (6.6% vs 7.3%). Meantime, utilities output growth accelerated (6.9% vs 6.6%). By industry, production advanced at a softer rate for textiles (1.2% vs 1.6%), chemicals (3.8% vs 5.4%), non-metal minerals (8.7% vs 9.5%), ferrous metals (10% vs 13.7%), general equipment (0.7% vs 2.6%), machinery (7.6% vs 11.3%), and communication (6.1% vs 10.4%). Meanwhile, production rose faster for both transport equipment (15.7% vs 14.5%) and power equipment (6.5% vs 5.6%). From January to July, industrial production grew 5.8 percent.

China's industrial output expanded 6.3 percent year-on-year in June 2019, accelerating from a 5 percent growth in the previous month and beating market consensus of 5.2 percent, boosted by increases in production of manufacturing (6.2 percent vs 5 percent in May), utilities (6.6 percent vs 5.9 percent) and mining (7.3 percent vs 3.9 percent). By industry, output growth accelerated for textiles (1.6 percent vs 0.7 percent); chemicals (5.4 percent vs 3.5 percent); ferrous metals (13.7 percent vs 11.7 percent); general equipment (2.6 percent vs 2.5 percent); transport equipment (14.5 percent vs 8.3 percent); machinery (11.3 percent vs 8.8 percent); and power equipment (5.6 percent vs 5 percent). Meanwhile, production slowed for non-metal minerals (9.5 percent vs 9.9 percent) and communication (10.4 percent vs 10.6 percent). Considering the first six months of 2019, industrial production grew 6 percent compared with the same period the prior year.