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  National Bureau Statistics: Interpretation of industrial production data in January and February

2018-3-20

 

    In January and February 2018, the industrial added value of the whole country scale increased by 7.2%, and the growth rate was 1 % faster than in December of last year. The main characteristics of industrial production are:

    First is that the mining industry turning from negative to positive, and the growth of the manufacturing industry is accelerating. In January and February, the added value of the mining industry increased by 1.6%, and it was down 0.9 % in December of last year. Increasing 7% in manufacturing industry, and was up 0.5% from the previous year in December.

    Second is the expansion of the growth of industrial products. In January and February, Among the 574 kinds of major industrial products of the statistics, the production increased 63.8%, compared with the year December increased by 8.7% over the previous year. Compared with December of last year, products that accelerate the growth or decline slowly accounted for 60.5%. Among them, the main industrial products such as, cigarettes, crude steel, cement, color television, growth rate of them all increased.

    Third is that the growth of new kinetic energy is strong, and the consumer goods industry has speeded up obviously. In January and February, the value added of high-tech industry increased by 11.9% compared to the same period last year, increasing by 4.7 % faster than the industrial added value. The consumption goods manufacturing industry increased by 8.4%, and the growth rate was 2.6% faster than that in December.

    Forth is the heating industry of the residents grew faster. In January and February, the production and supply of electric power, gas and water increased by 13.3%, and up 5.1 % from the previous year in December. Among them, the electricity power industry increased by 13.1% and accelerated 5.9%.

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