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Industry dynamic

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Added value in the chemical materials and products manufacturing sector rose 4.4 per cent in October

Posted time:2020-10-10 View:181

According to data released by the National Bureau of Statistics on November 14, the added value of industrial enterprises above designated size in October 2018 increased by 5.9% year-on-year in real terms, 0.1 percentage point higher than that in September. Month-on-month growth was 0.48%. In the January-October period, the added value of industrial enterprises above designated size increased by 6.4% year on year, the same as the January-September period.


In terms of the three categories, the added value of mining industry in October increased by 3.8% year-on-year, 1.6 percentage points higher than that in September. The manufacturing sector grew by 6.1%, up 0.4 percentage points. The production and supply of electricity, heat, gas and water grew by 6.8%, or 4.2 percentage points lower.


In terms of economic type, the added value of state-owned enterprises increased by 4.6% year-on-year in October; Collective enterprises saw a decline of 3.6 percent, joint-stock enterprises 6.7 percent, and enterprises invested by foreign investors and Hong Kong, Macao and Taiwan businesses 3.9 percent.


From the perspective of industry, in October, 37 out of 41 categories of industries maintained year-on-year growth in added value. Among them, agricultural and sideline food processing industry, textile industry, chemical raw materials and chemical products manufacturing industry, non-metallic mineral products industry, ferrous metal smelting and calendering processing industry, non-ferrous metal smelting and calendering processing industry, general equipment manufacturing industry and special equipment manufacturing industry all increased to varying degrees, while automobile manufacturing industry declined.


Regionally, the added value of eastern China grew 5.5 percent year on year in October, followed by 6.0 percent in central China, 6.7 percent in western China and 6.1 percent in northeast China.


In terms of products, 343 out of 596 products saw year-on-year growth in October.


In October, the sales rate of industrial enterprises' products was 98.1 percent, down 0.4 percentage points from the same month last year. The export delivery value of industrial enterprises reached 1,148.9 billion yuan, up by 14.7% year on year. (Source: Bureau of Statistics)


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