Industrial production continued to recover in August, and the cumulative growth rate turned from negative to positive

[ Focus on Chemical Machinery and Equipment Network ] In August 2020, China's overall planning of epidemic prevention and control and economic and social development policies and measures continued to show results, industrial production continued to improve, most products and industries continued to rebound, and energy and raw materials industries improved significantly.
The consumer goods industry has recovered, the equipment manufacturing industry has grown rapidly, the industry's growth has become more balanced, and the recovery of industrial production has continued to consolidate.

 

First, the growth of industrial production has accelerated, and the cumulative growth rate has turned from negative to positive.
In August, the national industrial added value above designated size increased by 5.
6% year-on-year, an acceleration of 0.
8 percentage points from the previous month, and the growth rate was close to the average level of the previous year.
Divided into three categories, the mining industry increased by 1.
6%, compared with a decline of 2.
6% last month, and production improved significantly; the manufacturing industry increased by 6.
0%, the growth rate remained the same as last month, and continued to maintain a steady growth trend; electricity, heat, gas and water production And the supply industry grew by 5.
8%, and the growth rate accelerated by 4.
1 percentage points.
From January to August, the industrial added value increased by 0.
4% year-on-year, while it fell by 0.
4% from January to July, and the cumulative growth rate turned from negative to positive.

 

Second, most products and industries have achieved growth, and the growth area has continued to expand.
In terms of products, in August, among 612 major industrial products, 394 products achieved year-on-year growth, with a growth rate of 64.
4%, and the proportion continued to increase from the previous month.
In terms of industries, among 41 major industrial industries, 29 industries achieved growth.
Growth, an increase of 4 from the previous month, the growth area was 70.
7%.
From January to August, 247 products achieved year-on-year growth, an increase of 32 products from January to July; 16 industries achieved growth, an increase of 4 products from January to July, and the growth area continued to expand.

 

The third is that the energy and raw materials industries have improved significantly, which has led to a rebound in industrial growth.
In August, the added value of the coal mining and dressing industry shifted from a 4.
0% decrease in the previous month to an increase of 2.
8% year-on-year, and the power industry increased by 5.
9%, an increase of 4.
2 percentage points from the previous month.
Driven by the advancement of infrastructure projects, the raw material industry grew by 6.
6% year-on-year, an increase of 2.
0 percentage points from the previous month.
The growth rate of related industries has generally rebounded.
Among them, the steel and chemical industries increased by 9.
2% and 6.
9% respectively, and the growth rate has accelerated for 6 consecutive months; the growth rate of petroleum processing, building materials, and non-ferrous metals industries is between 5% and 7%, which is also higher.
The month has accelerated.
In terms of product breakdown, the year-on-year growth rate of most raw material products rebounded.
Among them, steel, ten non-ferrous metals, cement, and flat glass increased by 11.
3%, 6.
9%, 6.
6%, and 3.
1%, respectively, and the growth rate increased by 1-4 percentage points from the previous month; caustic soda and ethylene increased by 15.
8% and 8.
6% respectively.
The growth rate accelerated by 6.
4 and 5.
6 percentage points respectively.

 

　　Fourth, the equipment manufacturing industry continues to grow well, which strongly supports industrial growth.
In August, the added value of the equipment manufacturing industry increased by 10.
8% year-on-year, continuing to maintain double-digit growth, which strongly supported industrial growth.
Among them, electrical machinery, automobiles, and general equipment increased by 15.
1%, 14.
8%, and 10.
9%, respectively, ranking the top three in all major industrial sectors; the metal products, electronics, and *equipment industries increased by 9.
9%, 8.
7%, and 8.
0%, continuing the rapid growth trend, and the growth rate is higher than the average level of all industries.
In terms of products, automobile production increased by 7.
6% year-on-year, of which trucks and new energy vehicles increased by 49.
4% and 31.
6% respectively; infrastructure-related products such as excavators, concrete machinery, and large tractors maintained rapid growth of more than 40% for 5 consecutive months ; Industrial robots increased by 32.
5%, and the growth rate has accelerated; the growth rates of emerging products such as smart watches, balance cars, and service robots are all above 70%.

 

　　Fifth, the consumer goods manufacturing industry has improved, and the production of most industries has improved.
In August, the added value of the consumer goods manufacturing industry fell by 0.
8% year-on-year, and the rate of decline narrowed by 0.
3 percentage points from the previous month.
Driven by the gradual recovery of consumption and the improvement of exports, most industries have improved.
Among them, the pharmaceutical, textile, paper, and chemical fiber industries increased by 4.
3%, 3.
3%, 2.
8%, and 2.
1% respectively, and the growth rates all rebounded slightly; the growth rate of the furniture manufacturing industry turned from negative to positive, with an increase of 0.
2%; clothing, leather shoes, culture and education The industrial and beauty industry still declined, but the rate of decline has narrowed.

 

　　At present, the domestic and international economic environment is still complicated and severe, and industrial production is still facing certain pressures for sustained steady improvement.
In the next stage, we should do a solid job of "six stability", fully implement the task of "six guarantees", maintain the continuity of macroeconomic policies, and actively build a new development pattern with the domestic cycle as the main body and the domestic dual cycle mutual promotion, and stabilize the industrial chain The supply chain continuously stimulates the vitality of market players, makes full use of the domestic super-large-scale market advantages, promotes new consumption, and consolidates the in-depth development of the industrial economy.

 

　　Original title: Industrial production continued to resume in August and the cumulative growth rate turned from negative to positive