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National Bureau of Statistics: industrial value added above scale increased by 5.0% in March 2022
Apr 18, 2022 10:50CST
[national Bureau of Statistics: the added value of industries above scale increased by 5.0% in March 2022] in March, the added value of industries above scale increased by 5.0% in real terms over the same period last year. On a month-on-month basis, the added value of industries above scale increased by 0.39% in March over the previous month. In the first quarter, the added value of industries above scale increased by 6.5% compared with the same period last year. Divided into three major categories, in March, the added value of the mining industry increased by 12.2% compared with the same period last year; the manufacturing sector grew by 4.4%; and the electricity, heat, gas and water production and supply sector grew by 4.6%.

In March, industrial value added above scale increased by 5.0% in real terms compared with the same period last year (the following growth rates are all real growth rates excluding price factors). On a month-on-month basis, the added value of industries above scale increased by 0.39% in March over the previous month. In the first quarter, the added value of industries above scale increased by 6.5% compared with the same period last year.

Divided into three major categories, in March, the added value of the mining industry increased by 12.2% compared with the same period last year; the manufacturing sector grew by 4.4%; and the electricity, heat, gas and water production and supply sector grew by 4.6%.

In terms of economic type, in March, the added value of state-owned holding enterprises increased by 3.3% compared with the same period last year; joint-stock enterprises grew by 6.9%; foreign investors and Hong Kong, Macao and Taiwan business investment enterprises decreased by 1.1%; and private enterprises grew by 6.0%.

In March, the added value of 37 of the 41 major industries maintained year-on-year growth. Of this total, the coal mining and washing industry increased by 16.7%, the oil and natural gas mining industry by 5.7%, the agricultural and non-staple food processing industry by 6.1%, the wine, beverage and refined tea manufacturing industry by 7.0%, and the textile industry by 0.7%. The chemical raw materials and chemical products industry increased by 3.0%, the non-metallic mineral products industry grew by 1.6%, and the ferrous metal smelting and Calendering industry decreased by 1.6%. The non-ferrous metal smelting and Calendering industry grew by 6.2%, general equipment manufacturing by 0.7%, special equipment manufacturing by 7.6%, automobile manufacturing by 1.0%, railways, ships, aerospace and other transport equipment by 1.1%, electrical machinery and equipment by 10.6%, and computer, communications and other electronic equipment by 12.5%. Electricity, heat production and supply increased by 3.9%.

In terms of products, in March, the output of 304 of the 617 products increased compared with the same period last year. 116.89 million tons of steel, down 3.2 percent from the same period last year; 186.55 million tons of cement, down 5.6 percent; 5.64 million tons of 10 non-ferrous metals, up 3.1 percent; 2.37 million tons of ethylene, down 2.9 percent; 2.387 million cars, down 2.9 percent, of which 518 million new energy vehicles, up 121.4 percent; electricity generation was 670.2 billion kilowatt hours, up 0.2 percent; and crude oil processing capacity was 58.59 million tons, down 2.0 percent.

In March, the product sales rate of industrial enterprises was 94.5 percent, down 2.0 percent from the same period last year; the export delivery value of industrial enterprises was 1.3311 trillion yuan, a nominal increase of 10.8 percent over the same period last year.

"related readings:

National Bureau of Statistics: production of 396 million tons of raw coal in March increased by 14.8% over the same period last year

National Bureau of Statistics: the utilization rate of national industrial capacity was 75.8% in the first quarter of 2022.

National Bureau of Statistics
March
above scale
industrial value added
growth

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