Industrial added value above scale increased by 6.3% in June 2019

Published: Jul 15, 2019 10:20
In June 2019, the added value of industries above scale grew by 6.3% in real terms compared with the same period last year (the following growth rates are all real growth rates excluding price factors), 1.3 percentage points faster than in May. Judging from the month-on-month comparison, the added value of industries above scale increased by 0.68% in June compared with the previous month. From January to June, the added value of industries above scale increased by 6.0% compared with the same period last year.

In June 2019, the added value of industries above scale grew by 6.3% in real terms compared with the same period last year (the following growth rates are all real growth rates excluding price factors), 1.3 percentage points faster than in May. Judging from the month-on-month comparison, the added value of industries above scale increased by 0.68% in June compared with the previous month. From January to June, the added value of industries above scale increased by 6.0% compared with the same period last year.

In three categories, the added value of the mining industry rose 7.3 percent in June from a year earlier, 3.4 percentage points faster than in May, the manufacturing sector rose 6.2 percent, up 1.2 percentage points, and the electricity, heat, gas and water production and supply sector increased by 6.6 percent, an increase of 0.7 percentage points. In terms of economic types, in June, the added value of state-owned holding enterprises increased by 6.2% over the same period last year; joint-stock enterprises increased by 7.6%, foreign and Hong Kong, Macao and Taiwan investment enterprises increased by 1.8%, and private enterprises increased by 8.3%. By industry, in June, 36 of the 41 major industries maintained year-on-year growth in added value. Among them, the agricultural and non-staple food processing industry increased by 2.5 percent, the textile industry by 1.6 percent, the chemical raw materials and chemical products industry by 5.4 percent, the non-metallic mineral products industry by 9.5 percent, the ferrous metal smelting and Calendering industry by 13.7 percent, the non-ferrous metal smelting and Calendering industry by 12.9 percent, the general equipment manufacturing industry by 2.6 percent, and the special equipment manufacturing industry by 5.3 percent. The automobile industry fell 2.5 percent, the railway, shipping, aerospace and other transport equipment industry increased by 14.5 percent, the electrical machinery and equipment industry increased by 11.3 percent, the computer, communications and other electronic equipment industry increased by 10.4 percent, and the electricity, heat production and supply sector increased by 5.6 percent.

Regionally, in June, the added value of the eastern region increased by 6.1% compared with the same period last year, the central region increased by 8.5%, the western region increased by 7.9%, and the northeast region increased by 4.3%.

According to the products, in June, 339 of the 605 products increased year-on-year. Of these, 107.1 million tons of steel, an increase of 12.6 percent over the same period last year; 209.86 million tons of cement, an increase of 6.0 percent; 4.9 million tons of ten non-ferrous metals, an increase of 5.7 percent; 1.66 million tons of ethylene, an increase of 11.9 percent; 143000 new energy vehicles, an increase of 50.5 percent; electricity generation of 583.4 billion kilowatt hours, an increase of 2.8 percent; and crude oil processing volume of 53.7 million tons, an increase of 7.7 percent.

In June, the sales rate of industrial enterprises was 97.1 percent, down 0.8 percentage points from the same month last year. Industrial enterprises achieved export delivery value of 1.0555 trillion yuan, an increase of 1.9 per cent in nominal terms over the same period last year.

 

 

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
17 hours ago
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
17 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
17 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
17 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
17 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
17 hours ago