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China Industrial Output Seen Improving as Exports Offset Weak Domestic Demand

Published: Jun. 9, 2026 1:27 p.m. GMT+8

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A worker operates a machine tool in a workshop producing rubber tires in Jining, Shandong province. Photo: VCG

China’s industrial output likely accelerated in May, while consumption and investment remained weak, according to a Caixin survey, suggesting the country’s economic recovery continues to rely heavily on external demand.

The survey of 11 domestic and international institutions showed an average forecast for industrial production growth of 4.3% year-on-year in May, up from the previous month’s actual reading of 4.1%.

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Explore the story in 30 seconds

China's industrial output forecasted at 4.3% YoY growth in May, up from 4.1% in April.
Retail sales expected at zero growth due to weak auto sales and cautious spending.
Fixed-asset investment remains soft, with property and infrastructure weak but manufacturing resilient.

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