BEIJING, Sept. 9 (Xinhua) -- China's industrial value-added output grew 13.5 percent year-on-year in August, the National Bureau of Statistics (NBS) said Friday.
The August figure was down 0.5 percentage points from that of July, bringing industrial value-added output growth for the January-August period to 14.2 percent, according to a statement on the bureau's website.
On a monthly basis, China's industrial value-added output rose by 1 percent last month, according to the NBS.
Industrial value-added 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.
In May, year-on-year industrial value-added output growth hit a seven-month low of 13.3 percent as a result of government tightening measures and the end of the country's stimulus policies.
China's inflation rate fell to 6.2 percent in August after reaching a 37-month high of 6.5 percent in July, according to data from the NBS.
China's central bank has asked the nation's banks to set aside a record high of 21.5 percent of their cash in reserve. The bank has also increased its interest rates three times so far this year.
All 39 of the country's industrial sectors posted gains in August, according to a sector-based analysis of the industrial output growth figures.
During the same period, the industrial value-added output of state-owned and state-held companies grew 9.4 percent year-on-year, while that of collectively-owned and joint-stock enterprises expanded by 8.7 percent and 15.5 percent, respectively.
Industrial value-added output for the heavy industry sector rose 13.5 percent from one year earlier, while that of the light industry sector climbed 13.4 percent.
