FX.co ★ China Industrial Output Growth at 3-Month High

In June 2025, China's industrial production experienced a notable year-on-year increase of 6.8%, improving from May's six-month low of 5.8% and exceeding market forecasts of 5.6%. This growth acceleration marked the most rapid expansion since March, driven by various government initiatives aimed at stimulating economic activity. Manufacturing activity showed a robust rebound, recording a 7.4% rise compared to 6.2% in May, while mining output also saw an uptick to 6.1% from 5.7%. Conversely, the growth in electricity, heat, gas, and water production decelerated, registering a 1.8% increase down from 2.2%. Within the manufacturing sector, 36 out of 41 key industries reported growth. Notable increases were seen in the automotive sector (11.4%), computers and communications (11.0%), as well as railway and shipbuilding (10.1%). Other sectors such as non-ferrous metal smelting and rolling (9.2%), agricultural and food processing (8.2%), and chemical products (7.5%) also experienced growth. Additionally, the coal mining and washing industry rose by 6.5%, oil and gas improved by 3.6%, food manufacturing saw a 3.4% increase, and heat production rose by 1.6%. On a monthly basis, industrial output grew by 0.5%. Over the first half of the year, the overall industrial production expanded by 6.4%.