Industrial added value in the first two months increased by 6.3% year-on-year, surpassing market expectations

WealthCoffee · 2026-03-16T03:42:31+00:00

In January-February 2026, despite slowdowns in certain industries such as automotive production, industrial value added grew 6.3% year-over-year in real terms, exceeding market expectations due to export growth and macroeconomic policy support, indicating accelerating marginal industrial production.

WealthCoffee

2026-03-16 03:42:31

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[Caixin] In the first two months of 2026, despite a slowdown in production in some industries such as automobiles, industrial production grew rapidly driven by strong exports and the effectiveness of macro policies.

On March 16, the National Bureau of Statistics announced that from January to February 2026, the cumulative industrial added value above designated size, after excluding price factors, actually rose by 6.3% year-on-year, an increase of 1.1 percentage points compared to the entire previous year. In terms of month-on-month growth rate, which better reflects trends, the industrial added value grew by 0.39% and 0.83% in January and February respectively, indicating a marginal acceleration in industrial production.

The industrial added value performance exceeded previous market expectations. A recent survey by Caixin of 13 domestic and foreign institutions shows that economists’ average forecast for the year-on-year growth rate of industrial added value for the first two months is 5.1%, with a forecast range of 4.5% to 6.9%.

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