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Industrial Production High-Frequency Indicators Summary

Report Overview

This report analyzes industrial production high-frequency indicators as of mid-May 2023. The indicators show mixed performance, with some sectors experiencing declines and others showing improvements.

Key Findings

• Southern Eight Provinces Power Consumption: Day-to-day electricity use fell to 1709 million tons, a decrease of 72 million tons from the previous period, below levels seen in 2021.
• Petroleum Asphalt Production: The开工率 dropped to 30.90%, a decline of 12 percentage points month-over-month.
• Steel Production: The唐山钢厂高炉开工率 remained stable at 57.94%.

Increasing trends include:

• Automotive Logistics and Tire Production: The整车货运物流指数 rose by 126 points to 101.19, and汽车轮胎开工率 increased by 0.43 percentage points to 64.68%.
• Other Industries:涤纶长丝开工率 boosted 17.3 percentage points to 80.29%, andPTA产业链负荷率 climbed 1.5 percentage points to 79.22%, while焦化企业开工率 decreased by 10 percentage points to 69.50%.

This mixed performance suggests diverging industrial activity, with potential risks in energy-intensive sectors. For detailed data and charts, refer to the full report.