FX.co ★ China’s Industrial Output Growth Cools to 4.5% in July, Easing From June’s 5.3%

China’s industrial production growth slowed in July 2026, with output rising 4.5% year-over-year, down from a 5.3% increase recorded in June 2026. The latest figures, updated on 17 August 2026, highlight a moderation in momentum for the country’s industrial sector in the middle of the year.

Both the current and previous readings are measured on a year-over-year basis, comparing each month’s performance with the same month a year earlier. While June’s 5.3% figure signaled relatively stronger industrial activity, the July easing to 4.5% suggests a softer pace of expansion, which may prompt closer monitoring from investors and policymakers watching the trajectory of China’s manufacturing and broader economic performance.