China Knowledge quoted the National Bureau of Statistics said the value-added industrial output of medium and large sized enterprises in China rose 8.9%YoY in real terms in August this year slowing from a 9.2% growth in July.

The value added industrial output last month climbed 0.69%MoM. The value added output of heavy industry increased 9.0 % YoY last month while that of light industry rose 8.6%.

In August, the value-added industrial output of state-owned or state-funded enterprises rose 5.3%.The value-added industrial output of collective enterprises increased 6.6% and that of joint-stock enterprises increased 10.4%.

Forty of the 41 industrial sectors saw increases in value-added output last month. Value-added output increased 10.8% YoY in the textile industry, increased 10.5% in the chemical raw material and chemical product industry, increased 10.5% in the non-metal mineral product industry, increased 6.8% in the ferrous metal smelting and processing industry, increased 7.9% in the general-purpose equipment industry, increased 9.7% in the auto manufacturing sector and increased 9.9% in the telecom equipment, computer and electronics industry.

Industrial enterprises saw sales to output ratio fall 0.3 percentage points to 98.4 % in August.

Source - China Knowledge

(www.steelguru.com)