In May alone, industrial output grew by 4.5 per cent YoY and rose by 0.40 per cent month on month (MoM). The indicator measures the activity of large enterprises with annual main business turnover of at least 20 million yuan (~$2.94 million).
By sector, manufacturing output rose by 4.4 per cent. Output from electricity, heat, gas and water production and supply sectors grew by 7.6 per cent.
China’s value-added industrial output rose 5.4 per cent year on year (YoY) in January-May 2026 and 4.5 per cent in May, led by manufacturing growth of 4.4 per cent.
High-tech manufacturing expanded 15.1 per cent and equipment manufacturing 9.5 per cent.
Output of 3D printers, lithium-ion batteries and industrial robots surged, while industrial profits increased 18.2 per cent in the first four months.
The data showed that equipment manufacturing remained a key growth driver, with value-added output increasing by 9.5 per cent YoY. High-tech manufacturing expanded even faster, recording a 15.1 per cent increase.
By ownership, the value-added output of state-owned and state-holding enterprises rose by 3.7 per cent YoY, while private enterprises registered growth of 2.7 per cent.
Production of advanced industrial products also recorded strong gains during the period. Output of 3D printing devices surged by 54.4 per cent YoY, lithium-ion batteries increased by 40 per cent and industrial robots rose by 27.9 per cent.
NBS noted that industrial enterprises above the designated size generated total profits of approximately 2.43 trillion yuan (~$357.2 billion) in the first four months of 2026, up 18.2 per cent YoY.
Fibre2Fashion News Desk (JP)
