ZCZC
BCN-28
CHINA-INDUSTRIAL-OUTPUT
China’s industrial output up 5.4 pct in April
BEIJING, May 15, 2019 (BSS/Xinhua) – China’s value-added industrial
output, an important economic indicator, expanded 5.4 percent year on year in
April, official data showed Wednesday.
The rate was down by 3.1 percentage points from March, but 0.1 percentage
points faster than the first two months, the National Bureau of Statistics
said in a statement.
In the first four months, industrial output increased 6.2 percent year on
year, the same pace as that for the whole year of 2018.
China’s value-added industrial output is used to measure the output of
large companies each with annual main business revenue of more than 20
million yuan (about 2.9 million U.S. dollars).
In a breakdown by ownership, the output of state-controlled enterprises
went up 6 percent last month, joint-stock companies up 6.3 percent, and that
of overseas-invested enterprises increased by 2.5 percent.
In April, the output of high-tech manufacturing sector surged 11.2
percent, more than doubled the pace of overall industrial output growth.
The production of new energy vehicles and microcomputers grew 17.1 percent
and 16.6 percent, respectively.
Last month, the manufacturing purchasing managers’ index stood at 50.1,
staying above the boom-bust line of 50.
BSS/XINHUA/HR/1445