In October, the value added of the chemical raw materials and products manufacturing sector increased by 4.4%.
Release time:
2020-10-10
Author:
Goncord Oil
According to data released by the National Bureau of Statistics on November 14, in October 2018, the value added of industrial enterprises above designated size increased by 5.9% year on year in real terms, a pace 0.1 percentage point faster than in September; month-on-month growth stood at 0.48%. From January to October, the value added of such enterprises rose 6.4% year on year, unchanged from the January–September period.
According to data released by the National Bureau of Statistics on November 14, in October 2018, the value added of industrial enterprises above designated size increased by 5.9% year on year in real terms, a pace 0.1 percentage point faster than in September; month-on-month growth stood at 0.48%. From January to October, the value added of such enterprises rose 6.4% year on year, unchanged from the January–September period.
By major sector, in October, the mining industry’s value added increased 3.8% year on year, with the growth rate accelerating by 1.6 percentage points compared with September; the manufacturing sector expanded by 6.1%, up 0.4 percentage points; and the electricity, heat, gas, and water production and supply sector grew by 6.8%, a deceleration of 4.2 percentage points.
By economic sector, in October, the value added of state-controlled enterprises increased 4.6% year on year; that of collectively owned enterprises declined 3.6%; that of joint-stock enterprises rose 6.7%; and that of enterprises invested by foreign, Hong Kong, Macao, and Taiwan investors grew 3.9%.
From an industry perspective, in October, value added increased year on year in 37 of the 41 major industrial categories. Specifically, the agro‑food processing industry, the textile industry, the chemical raw materials and chemical products manufacturing sector, the non‑metallic mineral products industry, the ferrous metal smelting and rolling industry, the non‑ferrous metal smelting and rolling industry, the general equipment manufacturing sector, and the special‑purpose equipment manufacturing sector all recorded growth to varying degrees, while the automotive manufacturing sector experienced a decline.
By region, in October, the eastern region recorded a 5.5% year-on-year increase in value added, the central region grew by 6.0%, the western region expanded by 6.7%, and the northeastern region posted a 6.1% rise.
From a product perspective, in October, 343 out of 596 products recorded year-on-year growth.
In October, the sales rate of industrial enterprises’ products stood at 98.1%, down 0.4 percentage points from the same month last year. The export delivery value of industrial enterprises reached RMB 1.1489 trillion, up 14.7% year on year. (Source: National Bureau of Statistics)
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