Economic Data

Our economic data sheets inform about key values of the bilateral trade and German investment in China.

The China Economic Outlook reports reveal a variety of significant key figures as well as an overview on the political and economic situation in China to enable an assessment of the current status and provide a foundation for all future prognosis.

Download the Data Sheet (in English)

For June:

Retail sales rose only 3.1% year-on-year in June, dropped from 12.7% in May, below market expectations of 3.3%.

Industrial production increased by 4.4% year-on-year, up from 3.5% in May, dragged the trend upward again, higher than market expectations of 2.5%.

Fixed asset investment by June went up 3.8%, weaker than the 4% growth by May, higher than the market expectation of 3.4%, but continued its downward trend of growth from the beginning of the year.

Download the Data Sheet (in English)

For May:

Retail sales rose 12.7% year-on year in May, but down from an 18.4% yoy increase in April. The reading is under market expectations of 13.7% growth.

Industrial production increased by 3.5% year-on-year, also down from 5.6% yoy in April. The number is consistent with market expectations of 3.5%.

Fixed asset investment went up 4%, weaker than the 4.7% growth in April, showing continued slowing down of growth from the beginning of the year, and worse than the expectations of 4.4%.

China published economic indicators for April 2023. Economic recovery is still lacking impetus.

Download the Data Sheet (in English)

For April:

Retail sales rose by 18.4%, worse than the expectations of a 21%-surge but performing considerably better than the 10.6%-growth in March.

Industrial production increased 5.6%, worse than the estimated 10.9% but better than the 3.9%-growth in March.

Fixed asset investment went up 4.7%, worse than the forecasted 5.5% and weaker than the 5.1% growth by March.

China announced economic performance for March 2023. Consumption finally seems to have recovered.

Download the Data Sheet ( in English)

For March:

Retail sales increased by 10.6%, beating forecasts for a 7.4% increase by a large margin, and considerably improving from the 3.5% increase in February.

Industrial production increased 3.9%, slightly worse than the forecasted 4% but up from the meagre 2.4% growth in February.

Fixed asset investment slowed to 5.1% by March, missing expectation of a 5.7% increase and worse than the 5.5% growth by February.

Download the Data Sheet ( in English)

China announced economic performance for January and February 2023. First signs of recovery appear.

For January and February:

Retail sales increased by 3.5%, in line with expectations, and considerably improving from the -1.3% contraction in December.

Industrial production increased 2.4%, worse than the forecasted 2.6% but up from the 1.3% growth in December.

Fixed asset investment went up 5.5% by February, topping expectation of 4.4% and better than the 5.1% growth by December.