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The Total Value Added of The Industrial Enterprises Above Designated Size Was up 9.6 %

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Core prompt:  In May 2012, the total value added of the industrial enterprises above designated size was up 9.6 percent year-on-year (the following gro

 In May 2012, the total value added of the industrial enterprises above designated size was up 9.6 percent year-on-year (the following growth rates of value added are real growth rates, after deducting price factors), 0.3 percentage points higher than that in April. In May, the total value added of the industrial enterprises above designated size went up by 0.89 percent month-on-month. From January to May, the total value added of the industrial enterprises above designated size was up by 10.7 percent.

Industrial Production Operation in May 2012

Analysis on different types of enterprises showed that, in May, the year-on-year growth of the state-owned enterprises and state holding enterprises increased 6.6 percent, collective enterprises increased 6.4 percent, joint-stock enterprises climbed 11.0 percent, enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan province increased 6.7 percent. 

In May, the year-on-year growth of heavy industry increased 9.8 percent, while the light industry was up by 9.1 percent. 

Grouped by different sectors, in May, 40 industries within 41 industrial divisions kept year-on-year growth. Of this total, the growth of textile industry was 11.9 percent; the manufacture of raw chemical materials and chemical products, up by 10.2 percent; the manufacture of non-metallic mineral products, up by 9.6 percent; the ferrous metal smelting and pressing, up by 8.5 percent; the manufacture of general machinery, 7.8 percent; the manufacture of automobile industry, 16.4 percent; the manufacture of railways, shipbuilding, aerospace and other transportation equipment, 4.8 percent, the manufacture of electric machinery and equipment, 9.7 percent; the manufacture of communication equipment, computers and other electronic equipment, 13.3 percent; and the production and supply of electricity, gas and water, 4.5 percent. 

In terms of different regions, in May, the value-added of eastern region increased 8.3 percent year-on-year; the central region went up by 11.2 percent; western region rose by 12.6 percent. 

In terms of different products, of the total 471 products, the output of 321 products in May showed a year-on-year growth. Of this total, the output of electricity was 389.8 billion kilowatt-hours, up by 2.7 percent; that of pig iron was 81.67 million tons, up by 6.3 percent; that of cement was 205.11 million tons, up by 4.3 percent; that of crude oil was 38.33 million tons, down by 0.7 percent; that of ten kinds of nonferrous metals was 3.04 million tons, up by 6.6 percent; that of ethylene was 1.27 million tons, down by 7.1 percent; that of automobiles was 1715 thousand sets, up by 18.5 percent; that of cars was 927 thousand sets, up by 22.6 percent. 

The sales ratio of industrial products in May was 97.9 percent, or 0.4 percentage points lower than that in the same period of last year. The total export delivery value of industrial enterprises was 896.4 billion yuan, a nominal year-on-year increase of 6.2 percent. 

Industrial Production Operation in May

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Industrial Production Operation in May 2012_8

 

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. In calculating the export delivery value, the transaction price of foreign exchange should be converted into RMB. 

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 

From 2011 on, the standard starting point of industrial enterprises above designated size was adjusted to 20 million yuan of annual revenue from primary business, the former one was 5 million yuan. 

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. 

5. Standard on industrial classification 

From 2012, NBS enforces New Standard on Industrial Classification for National Economic Activities" (GB/T4754-2011). The number of industrial sectors expanded from 39 to 41. 

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 April 2011 to April 2012 was revised according to the results of automatic revision of seasonal adjustment model. The results and data in May 2012 are as follows:

Industrial Production Operation in May 2012_9

 
 
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