China’s industrial production rises 5.6% in May

China’s value-added industrial output rose 5.6 percent year on year in May, according to the National Bureau of Statistics. The data was released on Monday (June 17, 2024).

The equipment manufacturing and high-technology sectors drove the increase, with increases of 7.5% and 10% in production compared to last year, respectively.

On a monthly basis, industrial production rose 0.3% in May compared to the previous month. During the period from January to May, it grew 6.2% in annual terms.

Industrial production measures the activity of large companies, each with annual revenue from core businesses of at least 20 million yuan ($2.81 million).

With information from Xinhua.