In October, the added value of industrial enterprises above designated size increased by 16.1% year-on-year [1], 2.2 percentage points faster than last month. From January to October, the added value of industrial enterprises above designated size increased by 9.4%, 0.7 percentage points faster than the previous three quarters.
Light industry operates smoothly and heavy industry accelerates growth. In October, the industrial added value of light industry increased by 11.3% year-on-year, down 0.5 percentage points from the previous month; heavy industry increased by 18.1%, 3.3 percentage points faster than last month, the highest growth rate since April last year. From January to October, the added value of light and heavy industries increased by 9% and 9.6% respectively.
The growth rate of the raw material industry has risen sharply. In October, the added value of the raw materials industry increased by 21.3% year-on-year, 4.7 percentage points faster than that in September. The added value of the metallurgical industry increased by 27.1%, 7.8 percentage points faster than that in September, the highest growth rate in the past two years. In October, crude steel output was 51.75 million tons, up 42.4% year-on-year (lower base in the same period last year), with an average daily output of 1.67 million tons, down 20,000 tons from last month. The domestic market steel price index continued to fall since mid-August, and gradually began to rebound in mid-October, reaching 101.02 at the end of October, down 15.3 points from the highest point of 116.32 in August, down 1.63 percentage points from the end of September. The added value of the non-ferrous industry increased by 26.4%, 11.1 percentage points faster than the previous month. The output of ten non-ferrous metals was 2.53 million tons, up 16.3% year-on-year, 6.3 percentage points higher than last month; refined copper production increased by 28.4%, 7.9 percentage points faster than last month; electrolytic aluminum production increased by 17.1%, 11.5 faster than last month. percentage point. The petrochemical industry grew by 16.9%, up 2.9 percentage points from the previous month; the chemical industry grew by 27%, accelerating by 4.8 percentage points. Crude oil processing volume increased by 10.4% year-on-year, down 3.6 percentage points from the previous month; ethylene production increased by 19%, down 10.4 percentage points from the previous month. The building materials industry grew by 17.6%. Among the main products, cement production increased by 23.9%, and flat glass increased by 2.5%, down by 1.2 and 6.6 percentage points respectively from the previous month.
The equipment industry has accelerated its growth. In October, the added value of the equipment industry increased by 18.6%, 1.8 percentage points faster than last month. Among the main products, 1.31 million vehicles were produced (reduced by 60,000 units from the previous month), an increase of 78.6%. Large tractors increased by 27.6% year-on-year, down 10.5 percentage points from the previous month; medium-sized tractors increased by 6.7%, and small tractors increased by 13.7%. Engineering machinery products maintained a relatively high growth rate. Cranes, excavators, compactors and concrete machinery increased by 18.9%, 46.1%, 57.2% and 66.8% respectively, up 2.3-28.7 percentage points from the previous month.
The growth rate of the consumer goods industry declined slightly. In October, the added value of the consumer goods industry increased by 12.6%, down 0.5 percentage points from the previous month. The light industry and textile industry increased by 13.6% and 11.8% respectively, up 0.4 and 2.2 percentage points from the previous month. Among the main products, the production of mechanical paper and paperboard increased by 21%, 2.3 percentage points higher than that of the previous month; dairy products increased by 44.1%, accelerating by 13.2 percentage points; yarn and cloth increased by 16.4% and 9.4% respectively, and clothing increased by 2.3% from last month. Turned to a decline of 17.9%. The tobacco and pharmaceutical industries were 2.3% and 15.1% respectively, down 14.3 and 2.3 percentage points from the previous month.
The electronics manufacturing industry continues to pick up. In the same month, the added value of the electronics manufacturing industry increased by 7.2% year-on-year, 0.9 percentage points higher than the previous month; the cumulative year-on-year growth was 2.5%, 0.7 percentage points faster than the previous three quarters. Among the main products, the output of microcomputer equipment increased by 42% year-on-year (up 11% from the previous month), of which notebook computers increased by 42.8% year-on-year; mobile phones increased by 7.4% year-on-year, 5 percentage points faster than last month; color TV production increased by 13.7%. LCD TVs increased by 114.5% year-on-year.
The central region has rebounded strongly. In the same month, the industrial added value of the eastern, central and western regions increased by 13.9%, 18.9% and 21.7% respectively, which was 1.5, 4 and 2.8 percentage points higher than that of the previous month. From January to October, the added value of the eastern, central and western regions increased respectively. Growth of 8.2%, 9.7% and 14.5%. In terms of provinces and cities, in October, the above-scale industries in 31 provinces across the country achieved double-digit growth, of which 18 provinces grew by more than 20%, an increase of four provinces from the previous month. Among the major industrial provinces, Henan and Liaoning increased by 23.8% and 20.4% respectively; Shandong and Jiangsu increased by 18.9% and 17.2%; Shanghai increased by 12.4% year-on-year, which was different from the previous month. In the first 10 months, Shanghai's industrial added value was flat year-on-year, but Shanxi Province still fell 5.7%.
The decline in exports of industrial products continued to narrow. In October, the export value of industrial products fell by 7.3% year-on-year, a decrease of 2.6 percentage points from the previous month. The export delivery value of the textile industry changed from a 2.5% decline in the previous month to a 0.1% increase, ending the negative growth since November last year. The export value of light industry exports fell by 0.3%, down 2.3 percentage points from the previous month; the machinery industry fell by 10.6%, although the decline was 3.8 percentage points lower than the previous month, but the decline in exports was still large. Exports in the electronics industry fell by 7%, a decrease of 2.6 percentage points from the previous month.
Power generation continues to rise. In October, the power generation of industrial enterprises above designated size increased by 17.1% year-on-year, 7.6 percentage points higher than that of the previous month. According to the statistics of the China Electricity Council, the total electricity consumption of the whole society increased by 16% year-on-year, 5.8 percentage points faster than the previous month.
Railway freight volume has increased. According to the statistics of the Ministry of Railways, in October, the national railways loaded an average of 151,000 vehicles per day, from a decline of 1.3% last month to an increase of 2.9%. This is the first time since the beginning of this year that the year-on-year growth has occurred; the volume of finished goods delivered was 290 million tons, a year-on-year increase. 3.7% is a positive growth again after a small increase in July.
Note: [1] The data in the text are not specified, they are all from the National Bureau of Statistics or processed accordingly.
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