Chinese manufacturing output sees 6.5% YoY growth in April 2023: NBS

18 May '23

1 min read

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Insights

China's manufacturing sector marked a 6.5 per cent YoY growth in April 2023, and the value-added industrial output rose 5.6 per cent.
In the first four months of 2023, the country's value-added industrial output grew by 3.6 per cent.
State-controlled enterprises saw a 6.6 per cent increase in output, while the private sector grew by 1.6 per cent.

China's manufacturing output has seen a significant surge, increasing by 6.5 per cent year-on-year (YoY) in April 2023, according to the National Bureau of Statistics (NBS). Additionally, the value-added industrial output, a key economic metric, rose by 5.6 per cent during the same period, marking a growth rate 1.7 percentage points higher than March's figure.

Industrial production remained generally stable throughout April. In the first four months of 2023, the country's value-added industrial output grew by 3.6 per cent, accelerating by 0.6 percentage points compared to the first quarter.

There were disparities in growth by ownership type, with state-controlled enterprises reporting a 6.6 per cent increase in output, while the private sector saw a more modest growth of 1.6 per cent, according to Chinese media reports.

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