NBS: Industrial Value-Added Above Designated Size Increased 5.3% in June

Data released by the National Bureau of Statistics (NBS) showed that in June, the value-added of industrial enterprises above designated size increased 5.3% YoY in real terms (value-added growth rates are real growth after deducting price factors), with the growth rate accelerating 0.8 percentage points from the previous month. On a MoM basis, the value-added of industrial enterprises above designated size rose 0.76% in June. From January to June, the value-added of industrial enterprises above designated size increased 5.4% YoY.

By three major categories, in June, the value-added of the mining sector fell 2.2% YoY, manufacturing grew 6.0%, and the production and supply of electricity, heat, gas, and water grew 7.4%.

By type of ownership, in June, the value-added of state-controlled enterprises increased 4.1% YoY; joint-stock enterprises grew 6.2%, enterprises funded by foreign investors or investors from Hong Kong, Macao, and Taiwan grew 1.8%, and private enterprises grew 4.3%.

By sector, in June, 29 of the 41 major industrial sectors recorded YoY growth in value-added:

Among them, coal mining and washing fell 5.9%, petroleum and natural gas extraction grew 1.0%, processing of agricultural and sideline food products grew 3.1%, manufacturing of wine, beverages, and refined tea grew 6.1%, textiles grew 3.4%, manufacturing of chemical raw materials and chemical products edged down 0.1%, manufacturing of non-metallic mineral products fell 2.3%, smelting and pressing of ferrous metals grew 3.3%, smelting and pressing of non-ferrous metals fell 3.8%, general purpose equipment manufacturing grew 9.9%, special purpose equipment manufacturing grew 10.0%, automotive manufacturing grew 8.7%, manufacturing of railway, ship, aerospace, and other transportation equipment grew 18.2%, manufacturing of electrical machinery and apparatus grew 7.0%, manufacturing of computers, communications, and other electronic equipment grew 15.7%, and production and supply of electricity and heat grew 7.8%.

By product, in June, the production of 314 out of 626 products from industrial enterprises above designated size increased YoY:

Among them, steel products totaled 126.56 million mt, flat YoY; cement reached 144.23 million mt, down 5.6%; ten non-ferrous metals were 7.19 million mt, up 3.9%; ethylene was 3.37 million mt, up 5.5%; motor vehicles were 2.824 million units, down 0.2%, of which NEVs were 1.624 million units, up 29.4% ; power generation was 827.6 billion kWh, up 2.0%; and crude oil processing volume was 51.24 million mt, down 17.7%.

In June, the product sales rate of industrial enterprises above designated size was 95.5%, up 0.8 percentage points YoY; the export delivery value of industrial enterprises above designated size reached 1,559.2 billion yuan, a nominal increase of 14.8% YoY.