China's October Value-Added Industrial Output Growth for Enterprises Above Designated Size Slows to 5.3% Year-on-Year

The National Bureau of Statistics released China's October year-on-year value-added industrial output data for enterprises above designated size on October 19, 2026.The reported figure for the month was 5.3%, a slight decrease from the previous month's 5.5%, and below the market expectation of 5.3%. This indicates a moderation in the pace of industrial production growth.Value-added industrial output for enterprises above designated size is a key indicator measuring the performance of industrial production activities. It reflects the value newly created by industrial enterprises during the production process and serves as an important barometer of economic activity. This statistic covers industrial enterprises with annual main business revenue exceeding RMB 20 million, and data is collected through standardized statistical reporting systems.This indicator is highly significant and is released on a monthly basis. The next data release is scheduled for December 15, 2026.