Industrial Production Operation in the First Two Months of 2020
National Bureau of Statistics of China2020-03-17 10:00




From January to February, the added value of industries above designated size actually decreased by 13.5 percent year on year (the growth rate of the following added value is the actual growth rate after deducting the price factor). From a month on month basis, in February, the added value of industries above designated size decreased by 26.63 percent over the previous month.

 

 

In view of three sectors, from January to February, the added value of mining industry fell by 6.5 percent year-on-year, that of manufacturing industry dropped by 15.7 percent, and that of production and distribution of electricity, heat, gas and water industry decreased by 7.1 percent.

            

In terms of economic types, from January to February, the added value of state-owned holding enterprises decreased by 7.9 percent year-on-year; that of joint-stock enterprises decreased by 14.2 percent; that of foreign, Hong Kong, Macao and Taiwan invested enterprises decreased by 21.4 percent; and that of private enterprises decreased by 20.2 percent.   

 

In terms of industries, from January to February, the added value of two of the 41 major industries maintained a year-on-year growth, with the oil and natural gas exploration industry growing by 2.1 percent and the tobacco products industry growing by 6.9 percent. The added value of 39 industries decreased, of which, the processing of agricultural and sideline food industry, manufacture of textile, chemical raw materials and chemical products manufacturing industry, manufacture of non-metallic mineral products industry, smelting and processing of ferrous metal, smelting and processing of non-ferrous metal, manufacture of general machinery, manufacture of special-purpose machinery, automobile manufacturing industry, manufacture of railways, shipbuilding, aerospace and other transportation equipment, manufacture of electric machinery and equipment, manufacture of computer, communication equipment and other electronic equipment, and production and supply of electric power and heat power respectively decreased by 16.0, 27.2, 12.3, 21.1, 2.0, 8.5, 28.2, 24.4, 31.8, 28.2, 24.7, 13.8 and 7.3 percent.

 

In terms of different regions, from January to February, the added value of the eastern, central, western and northeast region decreased by 16.9, 16.7, 7.6 and 11.5 percent respectively year-on-year.

 

In terms of products, from January to February, 79 of 612 products increased year on year. Ten non-ferrous metals was  9.35 million tons, increased by 2.2 percent year on year; ethylene was 3.52 million tons, increased by 5.6 percent; steel was 167.13 million tons, decreased by 3.4 percent; cement was 149.82 million tons, decreased by 29.5 percent; automobiles was 2.005 million sets, decreased by 45.8 percent, of which 51,000 were new energy vehicles, decreased by 62.8 percent; power generation was 1,026.7 billion kwh, decreased by 8.2 percent; crude oil processing was 99.19 million tons, decreased by 3.8 percent.

 

From January to February, the sales ratio of industrial enterprises’ products was 97.4 percent, down 0.7 percentage point year on year; the export delivery value of industrial enterprises was 1,354.5 billion yuan, decreased by 19.1 percent in nominal year on year.

                          

Industrial Production Operation in the First Two Months of 2020

 

Indicators

Jan-Feb

Absolute Value

Increase rate Y/Y

(%)

     

Value-added of Industry Above Designated Size

-13.5

Grouped by Three Sectors

 

 

 Mining and Quarrying

-6.5

 Manufacturing

-15.7

    Manufacture of  high-tech industry

-14.4

Production and Distribution of Electricity, Heating Power, Gas and Water

-7.1

Grouped by Status of Registration

 

 

State-holding Enterprises

-7.9

 Collective-Owned Enterprises

-14.2

 Joint-Stock Enterprises

-21.4

 Enterprises with Funds from Hong Kong, Macao and Taiwan, and Foreign Funded Enterprises

-20.2

The Value-Added of the Main Industrial Sectors

 

 

 Processing of Food from Agricultural Products

-16.0

 Manufacture of Foods

-18.2

 Manufacture of Textile

-27.2

Manufacture of Chemical Raw Material and Chemical Products

-12.3

Manufacture of Medicines

-12.3

 Manufacture of Rubber and Plastics Products

-25.2

 Manufacture of Nonmetal Mineral Products

-21.1

Manufacture of Ferrous Metal Smelting and Pressing

-2.0

 Manufacture and Processing of Non-Ferrous Metals

-8.5

 Manufacture of Fabricated Metal Products

-26.9

 Manufacture of General Machinery

-28.2

 Manufacture of Special-Purpose Machinery

-24.4

 Manufacture of Motor Vehicles

-31.8

Manufacture of Railways, Shipbuilding, Aerospace and Other Transportation Equipment

-28.2

 Manufacture of Electric Machinery and Equipment

-24.7

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

-13.8

 Production and Supply of Electric Power and Heat Power

-7.3

Output of Major Products

 

 

 Cloth (100 million meters)

42

-36.0

 Sulfuric Acid(100%) (10,000 tons)

1200

-10.4

 Caustic Soda(100%) (10,000 tons)

524

-13.6

 Ethylene (10,000 tons)

352

5.6

 Chemical Fiber (10,000 tons)

727

-13.6

Cement (10,000 tons)

14982

-29.5

Plate Glass (10 000 weight boxes)

14916

2.3

 Pig Iron (10,000 tons)

13234

3.1

 Crude Steel (10,000 tons)

15470

3.1

 Steel Products (10,000 tons)

16713

-3.4

10 Kinds Of Nonferrous Metals (10,000 tons)

935

2.2

 Of which: Primary Aluminium (Electrolytic Aluminium) (10,000 tons)

585

2.4

Metal-Cutting Machine Tool (10,000 sets)

4

-44.6

Industrial Robot (unit/set)

21292

-19.4

Automobile (10,000 sets)

200.5

-45.8

 Of which: Saloon cars (10,000 sets)

75.1

-49.8

         SUV(10,000 sets)

71.4

-41.3

 Of which: New Energy Automobile (10,000 sets)

5.1

-62.8

Generator Set (Power Generating Equipment) (10,000 kWh)

819

-30.8

Micro Computer Equipment (10,000 sets)

2687

-31.4

 Mobile Phone (10,000 sets)

13877

-33.8

 Of which: Smartphone (10,000 sets)

9836

-32.5

Integrated Circuit (100 ,000,000 pcs)

296

8.5

Raw Coal (10,000 tons)

48903

-6.3

Coke (10,000 tons)

7064

-5.5

Crude Oil (10,000 tons)

3200

3.7

 Crude Processing Volume (10,000 tons)

9919

-3.8

  Natural Gas (100 million Cubic Meters)

314

8.0

  Electricity (100 million kWh)

10267

-8.2

 Thermal Power

7807

-8.9

 Hydro-electric Power

1214

-11.9

 Nuclear Power

473

-2.2

 Wind Power

594

-0.2

 Solar Power

179

12.0

Sales Ratio (%)

97.4

-0.7(percentage point)

Export Delivery Value (100 million yuan)

13545

-19.1

     

 

 

 

 

 

 

 

 

 

Annotations:

 

1. Explanation of Indicator.

 

Growth rate of value added of the industrial enterprises: also known as industrial growth rate, which is used to reflect a certain period of increase or decrease in volume of industrial production indicators of the degree of change. The indicator can be used to estimate the short-term trend of the industrial economy, to judge the extent of the economic boom, and also to be an important reference and basis for the formulation and adjustment of economic policies, and for the implementation of macroeconomic adjustment and control.

 

Sales ratio: refers to sale value and industrial output value, which reflecting the situation between production and sales of industrial products.

 

Export delivery value: refers to the foreign trade department of industrial enterprises or self-run (commission) exports (including sold in Hong Kong, Macao and Taiwan), with the price of foreign exchange settlement of product value, and foreign samples, materials processing, component assembly and compensation trade product value.

 

Daily product output: the total production of the total value added of the industrial enterprises above designated size in the current month divided by number of days in the month.

 

2. Statistical Coverage.

 

The standard starting point of industrial enterprises above designated size was 20 million yuan of annual revenue from primary business.

 

Due to the annual changes of the coverage of industrial enterprises above designated size, and in order to ensure that the data for this year is comparable with that of the previous year, the data of the corresponding period used for calculating the year-on-year growth rates of various indicators such as product output is as consistent with the enterprise statistical coverage of the current period as possible, and there is a difference in caliber from the data published last year. The main reasons are: (1) Coverage changes of statistical units. Each year, some companies will be included in the survey after having reached requisite size, and some will exit the survey due to their smaller size, and there are also influence of new built and starting enterprises, bankruptcies, and companies that have been suspended or sold. (2) There is cross-regional repeated calculation in the output data of some enterprise group (company) products, which has been eliminated according to specific surveys.

 

3. Survey Methods.

 

The reports of industrial enterprises above designated size are conducted with complete survey on a monthly basis (Not report for January).

 

4. Division on Eastern, Central and Western Regions.

 

Eastern region includes Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Jilin, Heilongjiang, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang. Northeastern region includes Liaoning, Jilin and Heilongjiang.

 

5. Standard on industrial classification

 

NBS enforces New Standard on Industrial Classification for National Economic Activities" (GB/T 4754-2017). For details, please refer the following link: http://www.stats.gov.cn/tjsj/tjbz/hyflbz.

 

6. Revision on month-on-month data

 

The month-on-month growth rate of the total value added of the industrial enterprises above designated size from February to December 2019 was revised according to the results of automatic revision of seasonal adjustment model. The results and data of January and February 2020 are as follows:

 

The Month-on-Month Growth Rate of Industrial Production Operation

 

Months

Growth Rate (%)

 

 

     2019- February

0.47

     March

0.86

     April

0.27

     May

0.46

     June

0.56

     July

0.26

     August

0.35

     September

0.63

     October

0.39

     November

0.68

     December

0.58

     2020-January

-2.78

     February

-26.63

 

 

 

Annex
FAQs  |  About NBS  |  Contact Us  |  Copyright National Bureau of Statistics of China,2012