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China's I0ndustrial Output up 9.9 Pct in Jan.-Feb.
Mar 11,2013 09:05CST
industry news
Source:SMM
China's industrial value-added output rose 9.9 percent year on year in the first two months of this year, the National Bureau of Statistics (NBS) said Saturday.

BEIJING, March 11 -- China's industrial value-added output rose 9.9 percent year on year in the first two months of this year, the National Bureau of Statistics (NBS) said Saturday.

The pace was down 1.5 percentage points from the same period last year and down 0.4 percentage point from the growth rate in December 2012, the NBS said in a statement on its website.

Value-added industrial output measures the final output value of industrial production, or the value of gross industrial output minus intermediate input, such as raw materials and labor costs.

In the first two months, China's heavy industries saw industrial output expand 10.2 percent year on year, while light industries registered a pace of 9.1 percent from a year earlier.

The industrial output of state-owned enterprises expanded 5.8 percent, while that of collectively-owned companies grew 6.5 percent, the statement said.

The statement shows that 40 of the 41 sectors tracked by the NBS saw output growth. The textile sector grew by 11 percent, the auto manufacturing sector 11.2 percent and general machinery manufacturing 9.2 percent, the NBS said.

The total value of delivered export goods rose 7.8 percent year on year to 1.55 trillion yuan, it said.

The NBS also said Saturday that China's consumer price index (CPI) rebounded to a 10-month high of 3.2 percent in February, mainly due to rising food prices during the Spring Festival season.

China's economy has shown clear signs of recovery since the fourth quarter of 2012, Shi Zihai, an official with the National Development and Reform Commission, said Friday.

The country's Purchasing Managers' Index (PMI) for the manufacturing sector stood at 50.1 percent in February. It has stayed above the boom-bust line of 50 percent for five consecutive months, indicating continued expansion, the latest data show.

 

industrial value-added output

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