China’s value-added industrial output up six percent in January-May

Monday, 17 June 2019 11:12:30 (GMT+3)   |   Shanghai
       

In May this year, China's overall value-added industrial output increased by 5.0 percent year on year, with this growth rate 0.4 percentage points lower compared to that recorded in April of this year, as announced by China's National Bureau of Statistics (NBS). In the first five months of the year, China's overall value-added industrial output increased by 6.0 percent year on year. 

In May this year, of the 41 industrial sectors in China, 38 witnessed year-on-year increases in value-added industrial output. In the given month, respective year-on-year increases of 11.7 percent, 2.5 percent, 8.3 percent and 8.8 percent were recorded in value-added industrial outputs in the ferrous metal smelting and rolling sector, the general purpose machinery sector, the railway, shipping, aerospace and other transportation equipment manufacturing sector, and the electrical equipment and machinery sector, while a year-on-year decline of 4.7 percent was recorded in value-added industrial output in the automotive sector.


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