China’s industrial output up 6.1 percent

Beijing, Sep 13 (IANS) China’s value-added industrial output expanded 6.1 percent year on year in August, the official data said on Sunday.

The growth rate was up slightly from six percent in July, Xinhua quoted the National Bureau of Statistics (NBS) as saying.

NBS statistician Jiang Yuan attributed the month-on-month increase to improving performance in key industrial sectors and accelerated growth in high-tech industries.

In August, high-tech manufacturing grew by 10.5 percent year on year and the growth rate was up 0.9 percentage points from July.

Despite the growth, industrial output still faces remarkable downward pressure due to flagging demand, Jiang said.

Year-on-year growth in the first eight months stood at 6.3 percent, the same growth level as the first seven months.

The figures showed that industrial output in China’s central regions rose by 8.2 percent in August year on year, trailed by 7.7 percent in western areas and 6.2 percent in eastern regions.

Industrial output in the northeastern areas dropped 0.4 percent.

Manufacturing output rose 6.8 percent, mining output added four percent, while output of the electricity, heating, gas and water sectors increased 1.9 percent, the bureau said.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here