In July, the added value of industries above scale increased by 4.8%

Data released by the National Bureau of Statistics on August 14 show that in July, the value-added of industries above the national scale increased by 4.8% year-on-year, and the growth rate fell by 1.5 percentage points compared with last month. From January to July, the value-added of industries above the national scale increased by 5.8%, and the growth rate dropped by 0.2 percentage points compared with the previous six months.

"In July, the growth rate of industrial added value above the national scale declined to 4.8% year-on-year, mainly due to the drag of manufacturing industry." In an interview with the Journal of Securities Daily, Su Jian, director of the National Economic Research Center of Peking University, pointed out that, according to the data, the growth rate of most sub-industries in manufacturing industry was further lower than that in June.

Specifically, in July, the growth rate of computer, communication and other electronic equipment manufacturing industry fell by 4.3 percentage points, that of electrical machinery and equipment manufacturing industry by 3.7 percentage points, that of ferrous metal smelting and extension processing industry by 3.7 percentage points, and that of non-ferrous metal smelting and extension processing industry by 3.7 percentage points. 2.6 percentage points, the growth rate of metal products industry fell 1.5 percentage points, in addition, the growth rate of general equipment, special equipment and other industries declined in varying degrees, and the decline was obvious. In the view of Li Qilin, chief economist of Lianhe Securities, June's production surge also overdrawn July's production to a certain extent, which showed that the growth rate of most sub-industries in manufacturing declined year-on-year in July. In July, 36 of the 41 major industries maintained year-on-year growth in value added. Agricultural and sideline food processing industry grew by 1.5%, textile industry by 1.2%, chemical raw materials and chemicals industry by 3.8%, non-metallic mineral products industry by 8.7%, ferrous metal smelting and calendering industry by 10.0%, non-ferrous metal smelting and calendering industry by 10.3%, general equipment manufacturing industry by 0.7%, special equipment manufacturing industry by 0.7%. The growth rate was 4.0%, the automobile industry fell by 4.4%, the railway, ship, aerospace and other transport equipment manufacturing industry increased by 15.7%, the electrical machinery and equipment manufacturing industry increased by 7.6%, the computer, communications and other electronic equipment manufacturing industry increased by 6.1%, and the power, thermal production and supply industry increased by 6.5%. Judging by economic types,

In July, the added value of state-owned holding enterprises increased by 3.7% year-on-year; that of joint-stock enterprises increased by 6.1%, that of foreign and Hong Kong, Macao and Taiwan-invested enterprises decreased by 0.2%, and that of private enterprises increased by 7.3%. According to Jiang Yuan, Senior Statistician of the Industry Department of the National Bureau of Statistics, industrial production is basically stable at present, but it should also be noted that the growth rate of industrial production fell back in July and the downward pressure on industrial production increased.