📈 Industrial Value Added Growth in June 2024 📈

In June, the industrial value added of large-scale enterprises grew by 5.3% year-on-year (all growth rates of value added are actual growth rates excluding price factors). On a month-on-month basis, the industrial value added of large-scale enterprises in June increased by 0.42%. From January to June, the industrial value added of large-scale enterprises grew by 6.0% year-on-year.

🏭 Breakdown by Sector 🏭

Looking at the three major categories, in June:

• Mining industry value added grew by 4.4% year-on-year.
• Manufacturing industry value added grew by 5.5% year-on-year.
• Electricity, heat, gas, and water production and supply industry value added grew by 4.8% year-on-year.

📊 Breakdown by Ownership Type 📊

By economic type in June:

• State-controlled enterprises saw a value added growth of 3.0% year-on-year.
• Shareholding enterprises experienced a growth of 5.9%.
• Foreign and Hong Kong, Macao, and Taiwan invested enterprises grew by 2.9%.
• Private enterprises value added increased by 5.7%.

📈 Industry-Specific Growth 📈

Among the 41 major industries, 35 industries maintained year-on-year growth in value added. Notable increases include:

• Coal mining and washing industry by 4.2%.
• Petroleum and natural gas extraction industry by 4.4%.
• Food processing industry by 0.9%.
• Beverage and tea manufacturing industry by 7.2%.
• Chemical raw materials and chemical products manufacturing industry by 9.2%.

🚗 Product Output Growth 🚗

Out of 619 industrial products of large-scale enterprises, 369 products saw an increase in output year-on-year. Key figures include:

• Steel production reaching 12.555 million tons, a 3.2% increase.
• Cement production at 16.397 million tons, a 10.7% decrease.
• Ten non-ferrous metals production at 6.61 million tons, a 7.5% increase.
• Automobile production at 2.613 million units, a 1.8% increase, of which new energy vehicles accounted for 1.025 million units, a 37.0% increase.

📉 Declines in Certain Sectors 📉

Some sectors experienced a decline:

• Non-metallic mineral products industry by 0.4%.
• Crude oil processing volume at 58.32 million tons, a 3.7% decrease.

📈 Exports and Sales 📈

In June, the product sales rate of large-scale industrial enterprises was 94.5%, a 1.3 percentage point decrease year-on-year. The export delivery value of large-scale industrial enterprises reached 1,317.5 billion yuan, a nominal year-on-year increase of 3.8%.

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