National Bureau of Statistics: Industrial value added of enterprises above designated size increased by 4.5% in August 2024.

The National Bureau of Statistics released an article "Industrial Value Added of Industrial Enterprises above Designated Size Increased by 4.5% in August 2024". The article mentioned that in August, the industrial value added of industrial enterprises above designated size increased by 4.5% year on year (the value added growth rates are all real growth rates excluding price factors). From a month-on-month perspective, the industrial value added of industrial enterprises above designated size increased by 0.32% compared to the previous month in August. From January to August, the industrial value added of industrial enterprises above designated size increased by 5.8% year on year. The full text is as follows: Industrial Value Added of Industrial Enterprises above Designated Size Increased by 4.5% in August 2024 In August, the industrial value added of industrial enterprises above designated size increased by 4.5% year on year (the value added growth rates are all real growth rates excluding price factors). From a month-on-month perspective, the industrial value added of industrial enterprises above designated size increased by 0.32% compared to the previous month in August. From January to August, the industrial value added of industrial enterprises above designated size increased by 5.8% year on year. Looking at it from three major categories, in August, the value added of the mining industry increased by 3.7% year on year, the manufacturing industry grew by 4.3%, and the electricity, heat, gas, and water production and supply industry increased by 6.8%. From the perspective of economic types, in August, the value added of state-owned holding enterprises increased by 3.6% year on year; the value added of joint-stock enterprises increased by 5.0%, foreign-funded and Hong Kong, Macao, and Taiwan invested enterprises increased by 2.8%; and privately-owned enterprises increased by 4.5%. Looking at it from industries, in August, out of 41 major categories, 32 industries maintained a year-on-year increase in value added. Among them, the coal mining and washing industry increased by 3.3%, the petroleum and natural gas extraction industry grew by 4.0%, the food processing industry decreased by 0.1%, the alcohol, beverage, and refined tea manufacturing industry grew by 5.2%, the textile industry grew by 4.4%, the chemical raw materials and chemical products manufacturing industry grew by 5.9%, the non-metallic mineral products industry decreased by 5.5%, the black metal smelting and rolling processing industry decreased by 2.1%, the non-ferrous metal smelting and rolling processing industry increased by 6.6%, the general equipment manufacturing industry grew by 2.2%, the special equipment manufacturing industry increased by 2.9%, the automobile manufacturing industry grew by 4.5%, the railway, shipbuilding, aerospace and other transport equipment manufacturing industry increased by 12.0%, the electrical machinery and equipment manufacturing industry grew by 2.6%, the computer, communication and other electronic equipment manufacturing industry grew by 11.3%, and the electricity, heat production and supply industry grew by 6.9%. Looking at it from products, in August, out of 619 products of industrial enterprises above designated size, 339 products had a year-on-year increase in production volume. Among them, steel production was 110.90 million tons, a decrease of 6.5% year on year; cement production was 157.63 million tons, a decrease of 11.9%; ten kinds of non-ferrous metals were 6.62 million tons, an increase of 4.0%; ethylene was 2.74 million tons, a decrease of 1.5%; automobiles were 2.511 million units, a decrease of 2.3%, including 1.105 million units of new energy vehicles, an increase of 30.5%; electricity generation was 907.4 billion kilowatt-hours, an increase of 5.8%; crude oil processing volume was 59.07 million tons, a decrease of 6.2%. In August, the sales rate of industrial enterprises above designated size was 96.6%, a decrease of 0.8 percentage points year on year; the export delivery value of industrial enterprises above designated size reached 1.2994 trillion yuan, a nominal increase of 6.4% year on year. This article is reprinted from the National Bureau of Statistics.