Industrial production operation in October 2017

In October 2017, the total value added of the industrial enterprises  above designated size was up by 6.2 percent year-on-year in real terms (the  following growth rates of value added are real growth rates, after deducting  price factors), a decrease of 0.4 percentage points from September. In October,  the total value added of the industrial enterprises above designated size went  up by 0.50 percent month-on-month. In the first ten months, the total value  added of the industrial enterprises above designated size was up by 6.7 percent  year-on-year.

In view of three sectors, the value added of mining and quarrying  decreased 1.3 percent in October, that of manufacturing increased 6.7 percent,  and that of production and distribution of electricity, heating power, gas and  water was up by 9.2 percent, year-on-year.

Analysis on different types of enterprises showed that, in October,  the value added of the state holding enterprises increased 6.6 percent,  year-on-year, that of collective enterprises increased 3.6 percent, that of  joint-stock enterprises increased 6.1 percent, that of enterprises funded by  foreign investors or investors from Hong Kong, Macao and Taiwan province  increased 6.5 percent.

Grouped by different sectors, in October, 34 industries within 41  industrial divisions kept year-on-year growth. Of this total, the growth of  processing of food from agricultural products was 5.0 percent; the textile  industry was up by 3.3 percent; the manufacture of raw chemical materials and  chemical products, up by 3.3 percent; the manufacture of non-metallic mineral  products, up by 2.3 percent; the manufacture and processing of ferrous metals,  down by 1.3 percent; the manufacture and processing of non-ferrous metals, down  by 1.7 percent; the manufacture of general-purpose machinery, up by 9.6 percent;  the manufacture of special-purpose machinery, up by 12.3 percent; the  manufacture of automobile industry, up by 11.0 percent; the manufacture of  railway locomotives, building of ships and boats, manufacture of air and  spacecrafts and other transportation equipments, up by 7.4 percent; the  manufacture of electric machinery and equipment, up by 11.1 percent; the  manufacture of computer, communication equipment and other electronic equipment,  up by 12.8 percent; the production and supply of electric power and heat power,  up by 8.8 percent. 

In terms of different regions, in October, the value-added of eastern  region increased 6.2 percent year-on-year; central region went up by 7.2  percent; western region rose by 6.8 percent; northeastern region went up by 5.2  percent. 

In terms of different products, 367 products within 596 products kept  year-on-year growth. Of this total, the output of pig iron was 91.79 million  tons, went down by 1.6 percent year-on-year; that of cement was 219.90 million  tons, down by 3.1 percent; that of 10 kinds of nonferrous metals was 4.46  million tons, down by 3.3 percent; that of ethylene was 1610 thousand tons, up  by 8.5 percent; that of automobiles was 2601 thousand sets, up by 0.6 percent;  that of cars was 1048 thousand sets, down by 4.4 percent; that of electricity  was 503.8 billion kilowatt-hours, up by 2.5 percent; that of crude oil was 50.51  million tons, up by 7.4 percent.

The sales ratio of industrial products in October was 97.8 percent, a  decrease of 0.2 percentage points from the same period of last year. The total  export delivery value of industrial enterprises was 1,118.1 billion yuan, a  nominal year-on-year increase of 7.5 percent. 

Industrial Production Operation in October 2017

Annotations:

1.  Explanation of Indicator. 

Growth  rate of value added of the industrial enterprises: also known as industrial  growth rate, which is used to reflect a certain period of increase or decrease  in volume of industrial production indicators of the degree of change. The  indicator can be used to estimate the short-term trend of the industrial  economy, to judge the extent of the economic boom, and also to be an important  reference and basis for the formulation and adjustment of economic policies, and  for the implementation of macroeconomic adjustment and control. 

Sales  ratio: refers to sale value and industrial output value, which reflecting the  situation between production and sales of industrial products. 

Export  delivery value: refers to the foreign trade department of industrial enterprises  or self-run (commission) exports (including sold in Hong Kong, Macao and  Taiwan), with the price of foreign exchange settlement of product value, and  foreign samples, materials processing, component assembly and compensation trade  product value. 

Daily  product output: the total production of the total value added of the industrial  enterprises above designated size in the current month divided by number of days  in the month. 

The  year-on-year growth rate of product output: as industrial enterprises above  designated size range will be some changes each year, according to the  regulations of NBS, the data in the same period of previous year were required  when enterprises submit monthly data. Hence, the year-on-year growth rate of  product output was calculated by the current total value added of the industrial  enterprises above designated size divided by the data submitted at the same time  period. 

2.  Statistical Coverage. 

The  standard starting point of industrial enterprises above designated size was 20  million yuan of annual revenue from primary business. 

3. Data  Collection. 

The  reports of industrial enterprises above designated size are conducted with  complete survey on a monthly basis (Not report for January). 

4.  Division on Eastern, Central and Western Regions. 

Eastern  region includes Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang,  Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Jilin,  Heilongjiang, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes  Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi,  Gansu, Qinghai, Ningxia, and Xinjiang. Northeastern region includes Liaoning,  Jilin and Heilongjiang. 

5.  Standard on industrial classification 

NBS  enforces New Standard on Industrial Classification for National Economic  Activities" (GB/T4754-2011). For details, please refer the following link:  https://www.stats.gov.cn/tjsj/tjbz/hyflbz. 

6.  Revision on month-on-month data 

The  month-on-month growth rate of the total value added of the industrial  enterprises above designated size from October 2016 to September 2017 was  revised according to the results of automatic revision of seasonal adjustment  model. The results and data in October 2017 are as follows:

The  Month-on-Month Growth Rate of Industrial Production Operation