Industrial Production: Steel Goes Into Recession, Auto Production Collapses

The standout figure is the production of sedans, which flat out collapsed. Production is down 26% from the prior year, but also from the prior month. Electricity was down 2%, the first negative figure since the 3.7% drop in March. I will infer that the recession in the Northeast is as bad as it was in Q2, if not worse.

Steel production goes negative

Cement still contracting

Ethylene production contracting

Auto production tumbles, sedan production collapses

Electricity contracts

Refined oil production still growing

Source: 2015年7月份规模以上工业增加值增长6.0%

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