FX.co ★ China Industrial Output Growth Strongest in 3 Months

China’s industrial production grew 5.3% year-on-year in June 2026, up from 4.5% in May and above market expectations of 4.6%. This marked the fastest pace of industrial growth since March, largely supported by a stronger expansion in manufacturing output (6.0% vs 4.4% in May). In contrast, growth in the production and supply of electricity, heat, gas, and water eased slightly (7.4% vs 7.6%).

Mining output declined 2.2% year-on-year in June, reversing a 2.3% increase in May.

Within manufacturing, 29 of the 41 major industries recorded gains. Notable performers included computers and communications equipment (15.7%), railway and shipbuilding (18.2%), general equipment (9.9%), special equipment (10.0%), electrical machinery (7.0%), agriculture and food processing (3.1%), oil and gas (1.0%), textiles (3.4%), and automotive (8.7%).

By contrast, output declined in several sectors, including chemicals (-0.1%), coal mining and washing (-5.9%), and non-metallic mineral products (-3.8%).

For the first half of 2026, industrial output increased 5.4% year-on-year. On a month-on-month basis, industrial production rose 0.76% in June.