China's industrial output up 6.1 percent

Image
IANS Beijing
Last Updated : Sep 13 2015 | 4:32 PM IST

China's value-added industrial output expanded 6.1 percent year on year in August, the official data said on Sunday.

The growth rate was up slightly from six percent in July, Xinhua quoted the National Bureau of Statistics (NBS) as saying.

NBS statistician Jiang Yuan attributed the month-on-month increase to improving performance in key industrial sectors and accelerated growth in high-tech industries.

In August, high-tech manufacturing grew by 10.5 percent year on year and the growth rate was up 0.9 percentage points from July.

Despite the growth, industrial output still faces remarkable downward pressure due to flagging demand, Jiang said.

Year-on-year growth in the first eight months stood at 6.3 percent, the same growth level as the first seven months.

The figures showed that industrial output in China's central regions rose by 8.2 percent in August year on year, trailed by 7.7 percent in western areas and 6.2 percent in eastern regions.

Industrial output in the northeastern areas dropped 0.4 percent.

Manufacturing output rose 6.8 percent, mining output added four percent, while output of the electricity, heating, gas and water sectors increased 1.9 percent, the bureau said.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 13 2015 | 4:24 PM IST

Next Story