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China's industrial output grows 9.7 pct in 2013

English.news.cn   2014-01-20 11:32:42

BEIJING, Jan. 20 (Xinhua) -- Industrial output in China grew 9.7 percent in 2013 from a year ago, the National Bureau of Statistics (NBS) announced on Monday.

The figure marks a deceleration from the 10-percent growth seen in 2012.

Monday's data also showed industrial output expanded 9.7 percent year on year in December, a drop of 0.3 percentage point compared to growth in November.

Industrial output is a major indicator for economic activities in 41 industries. Since 2011, the data only covers companies each with at least an annual business revenue of 20 million yuan (3.27 million U.S. dollars).

For the whole of 2013, major sectors all saw a year-on-year rise, with the auto industry becoming the top gainer by surging 14.9 percent, after record sales of 21.98 million vehicles. Chemical products manufacturing gained 12.1 percent, while non-metal minerals production grew 11.5 percent, the data showed.

Computers, telecom and electronic products increased 11.3 percent, ferrous metals went up 9.9 percent and cement grew 9.6 percent.

Textiles grew 8.7 percent, while crude steel expanded 7.5 percent, data showed.

In December, industrial activities were the most robust in the country's western regions with a surge of 11.3 percent, followed by 10.5 percent in the central areas and 8.9 percent in the more developed eastern regions, the data showed.

Industrial output measures the final output value of industrial production, or the value of gross industrial output minus intermediate input, such as raw materials and labor costs.

Related:

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December's CPI -- a main gauge of inflation -- rose 2.5 percent year on year, down from 3 percent in November and 3.2 percent in October, the National Bureau of Statistics (NBS) said. Full story

China's industrial output growth picks up in Oct.

BEIJING, Nov. 9 (Xinhua) -- China's industrial production grew faster in October, with industrial value-added output expanding 10.3 percent year on year, 0.1 percentage points higher than that of September, according to data released Saturday by the National Bureau of Statistics. Full story

 

Editor: Fu Peng
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