Machinery Industry Growth 26.3% in October

In October, industrial production continued to grow steadily. The value added of industries above designated size increased by 13.1% year-on-year, 3 percentage points lower than the same period of last year and 0.2 percentage points lower than the previous month. From January to October, the added value of industries above designated size increased by 16.1%.

Light and heavy industrial production all declined slightly. In October, the value-added of light industry increased by 12.9% year-on-year, down 0.1% from the previous month; heavy industry rose by 13.2%, 0.2% lower than the previous month. From January to October, the added value of light and heavy industries increased by 13.6% and 17.1% respectively.

The growth of the raw material industry slowed down. In October, the value added of the raw material industry increased by 10.2% year-on-year, 0.4 percentage point lower than the previous month. Among them, the metallurgical industry increased by 6.9%, 0.9% lower than the previous month; crude steel production was 50.3 million tons, down 3.8% year-on-year, and the average daily output was 1.62 million tons, an increase of 1.4% over the previous period. The non-ferrous industry's added value increased by 6%, which was 3.2% lower than last month, and the growth rate for three consecutive months slowed down. The output of ten non-ferrous metals was 2.63 million tons, an increase of 2.8% over the same period of last year. The production of refined copper and electrolytic aluminum decreased by 0.2% and 5.4% respectively year-on-year. The value-added of the petrochemical industry increased by 10.8%, of which the chemical industry increased by 13.5%, which was 0.3% faster than the previous month. The processing volume of crude oil increased by 12.2%, of which diesel output increased by 8.2%; ethylene production increased by 31.9%. The added value of the building materials industry increased by 17.7%, 1.2 percentage points higher than that of the previous month; the output of cement and flat glass increased by 10.5% and 3.2% respectively.

The equipment industry is operating at a high level. In October, the value-added of the equipment industry increased by 16.5% year-on-year, down 0.5% from the previous month. According to the statistics of the Automobile Industry Association, 1.54 million vehicles were produced during the month, a year-on-year increase of 22.5%, and a month-on-month decrease of 3.3%. Among other major products, the output of large, medium and small tractors increased by 51.4%, 22.2% and 30.1% year-on-year; the output of excavators and loaders increased by 59% and 50.3% respectively; the compaction machinery increased by 23%; and the growth of metal-cutting machine tools. 43.5%, metal forming machine tool down 10%.

The consumer goods industry operates smoothly. In October, the value added of consumer goods industry increased by 14.3% year-on-year, 0.2 percentage points lower than the previous month. Among them, the light industry and the textile industry increased by 14.7% and 11.5% respectively, down 0.8% and 0.6% from the previous month. Among the main products, dairy products increased by 12.6%; refrigerators, washing machines and electric water heaters increased by 30.8%, 15.2% and 19.4%; furniture, machine-made paper and paperboard increased by 34.9% and 6.5% respectively; yarn, cloth and clothing output increased by 10.5. %, 23.3% and 17.7%. Tobacco and pharmaceutical industries grew by 18.2% and 15.3% respectively, which was 5.4 and 0.2 percentage points higher than the previous month.

The electronic manufacturing industry grew steadily and rapidly. In October, the value-added of electronics manufacturing increased by 13.2% year-on-year, an increase of 1.5 percentage points from the previous month. From January to October, electronics manufacturing grew by 17.7%. Among the major products, microcomputer equipment increased by 12%, of which notebook computers grew by 12.2%, mobile phones increased by 37%; color TVs decreased by 4.4%, of which LCD TVs grew by 22.7%.

The high-energy-consuming industries have fallen faster than all industries. In October, the value-added of the six high energy-consuming industries increased by 9.3% year-on-year, 0.4% lower than the previous month, and the drop rate was 0.2% higher than that of all industries; among them, the nonferrous metal smelting and rolling processing industry, ferrous metal smelting and rolling plus Industry increased by 6.4% and 4.6% respectively, down 2.8 and 1.2% from the previous month; Non-metallic mineral products industry increased by 17%, up 0.3% from last month; Chemical raw materials and chemical products manufacturing, petroleum processing coking and nuclear fuel plus The industrial growth rate was 13.3% and 6.9%, respectively, which was 0.8% and 2% faster than the previous month. The production and supply of the electric heating industry increased by 6.8%, which was 1.8 percentage points lower than the previous month. From January to October, the value added of the six high energy-consuming industries increased by 14.3% year-on-year, which was lower than the growth rate of all industries by 1.8 percentage points.

The growth rate of the eastern and central regions has dropped, and the growth rate in the west has been accelerating. In October, the industrial added value of the eastern and central regions increased by 12% and 15.8% year-on-year, and fell by 0.6 and 0.5 percentage points from the previous month. The industrial added value in the western region increased by 14%, 1.8 percentage points higher than the previous month. Among the major industrial provinces, Jiangsu, Shandong, Guangdong, Zhejiang, Henan, and Liaoning grew by 14.3%, 12.5%, 15.5%, 15.1%, 12.6%, and 16.4%, respectively. From January to October, the industrial added value of the eastern, central and western regions increased by 15.3%, 18.7%, and 15.6% respectively.

Industrial products export situation is better. In October, the export delivery value of industrial goods increased by 21.6% year-on-year, 0.1 percentage point higher than that of the previous month and 1.4% from the previous month. The export value of light and heavy industry exports increased by 26.9% and 26.1% respectively. The export value of light industry exports increased by 25.1% year-on-year, 0.9 percentage points higher than that of the previous month. The textile industry increased by 16.2%, which was 0.9 percentage points higher than the previous month. The machinery industry increased by 26.3%, which was 5.1 percentage points lower than the previous month; the electronics industry It increased by 20.1%, which was 2.6 percentage points faster than the previous month.

The growth rate of power generation dropped. In October, the amount of electricity generated by industrial enterprises above designated size increased by 5.9% year-on-year, down by 2.2 percentage points from the previous month and down by 4.5% from the previous month. From January to October, the cumulative increase in power generation was 14.9%.

Railway freight volume has grown steadily. According to the statistics of the Ministry of Railways, in the month of October, the national railways installed 159,000 vehicles per day, an increase of 6.5% year-on-year; from January to October, the average daily loading capacity was 157,000 vehicles, an increase of 10.7%. In October, the volume of goods delivered was 312 million tons, an increase of 7.4%, of which coal shipments increased by 19.6%. From January to October, the volume of goods shipped was 3.02 billion tons, an increase of 11.7%.