BUSINESS China's industrial output up 4.8 pct in July

BUSINESS

China's industrial output up 4.8 pct in July

Xinhua

10:28, August 14, 2020

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(File photo: social media)

BEIJING, Aug. 14 (Xinhua) -- China's value-added industrial output, an important economic indicator, continued to recover as factories stepped up production amid effective COVID-19 control, official data showed Friday.

Industrial output went up 4.8 percent year on year in July, according to data from the National Bureau of Statistics (NBS).

On a month-on-month basis, industrial output rose 0.98 percent.

In July, output by the manufacturing industry expanded 6 percent year on year.

Output of industries in the production and supply of electricity, thermal power, gas and water reported a year-on-year increase of 1.7 percent, while the mining sector saw output down by 2.6 percent.

In the first seven months, industrial output went down 0.4 percent year on year, with the rate narrowing 0.9 percentage points from the January-June period.


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