Metals News
Bureau of Statistics: industrial added value above scale increased by 5% in May
Jun 14,2019
The content below was translated by Tencent automatically for reference.

SMM News: in May 2019, the added value of industries above scale increased by 5.0% in real terms compared with the same period last year (the following added value growth rate is the real growth rate after deducting price factors), down 0.4 percentage points from April. Judging from the month-on-month comparison, the added value of industries above scale increased by 0.36% in May compared with the previous month. From January to May, the added value of industries above scale increased by 6.0% compared with the same period last year.

In three categories, mining added value rose 3.9 percent in May from a year earlier, 1.0 percentage points faster than in April, manufacturing rose 5.0 percent, down 0.3 percentage points, and electricity, heat, gas and water production and supply rose 5.9 percent, down 3.6 percentage points.

In terms of economic types, the added value of state-owned holding enterprises increased by 3.7% in May compared with the same period last year; joint-stock enterprises increased by 6.6%, foreign and Hong Kong, Macao and Taiwan investment enterprises fell by 0.3%, and private enterprises increased by 7.8%.

By industry, 38 of the 41 major industries maintained year-on-year growth in value added in May. Among them, the agricultural and non-staple food processing industry increased by 4.4 percent, the textile industry by 0.7 percent, the chemical raw materials and chemical products industry by 3.5 percent, the non-metallic mineral products industry by 9.9 percent, the ferrous metal smelting and Calendering industry by 11.7 percent, the non-ferrous metal smelting and Calendering industry by 9.4 percent, the general equipment manufacturing industry by 2.5 percent, and the special equipment manufacturing industry by 4.9 percent. The automobile industry fell 4.7%, the railway, shipping, aerospace and other transport equipment industry increased by 8.3%, the electrical machinery and equipment industry increased by 8.8%, the computer, communications and other electronic equipment industry increased by 10.6%, and the electricity, heat production and supply sector increased by 5.0%.

Regionally, in May, the added value of the eastern region increased by 3.4% compared with the same period last year, the central region increased by 7.1%, the western region increased by 4.5%, and the northeast region decreased by 0.4%.

According to the products, 325 of the 605 products increased year-on-year in May. Of these, 107.4 million tons of steel, an increase of 11.5 percent over the same period last year; 226.96 million tons of cement, an increase of 7.2 percent; 4.74 million tons of ten non-ferrous metals, an increase of 2.2 percent; 1.71 million tons of ethylene, an increase of 14.6 percent; 1.851 million cars, down 21.5 percent, of which 773000 cars, a decrease of 23.8 percent; 109000 new energy vehicles, an increase of 16.0 percent; and a power generation of 558.9 billion kilowatt hours, an increase of 0.2 percent. Crude oil processing volume was 51.9 million tons, an increase of 2.8 per cent.

In May, the sales rate of industrial enterprises was 97.7 percent, down 0.2 percentage points from the same period last year. Industrial enterprises achieved export delivery value of 997.5 billion yuan, an increase of 0.7 per cent in nominal terms over the same period last year.

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