Why is the industrial growth rate dropping significantly? Bureau of Statistics: April VAT reduction

1comment 2019-05-15 11:15:43 source:Financial sector website Sweeping "Zhao Brother"!

For the scale above AprilindustryThe growth rate of value-added has shown a significant decline. The spokesman of the National Bureau of Statistics, Liu Aihua, responded to a question at the press conference of the State Council Office. He said that in April, the value-added tax was lowered, and many companies actively promoted the preferential tax reduction. The production and operation activities were adjusted, and in March, there was an act of stocking up and accelerating production in advance, so the data in April seems to have some decline.

According to statistics from the Bureau of Statistics, in April 2019, the added value of industrial enterprises above designated size increased by 5.4% year-on-year, down 3.1 percentage points from March. In terms of the chain, in April, the added value of industrial enterprises above designated size increased by 0.37% compared with the previous month. From January to April, the added value of industrial enterprises above designated size increased by 6.2% year-on-year.

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In terms of three major categories, in April, the added value of the mining industry increased by 2.9% year-on-year, and the growth rate dropped by 1.7 percentage points from March; the manufacturing industry grew by 5.3%, down 3.7 percentage points; electricity, heat, gas and water production and supply industries It grew by 9.5% and accelerated by 1.8 percentage points.

In terms of economic types, in April, the value-added of state-owned holding companies increased by 6.0% year-on-year; joint-stock enterprises increased by 6.3%; foreign-invested enterprises from Hong Kong, Macao and Taiwan increased by 2.5%; private enterprises increased by 5.1%.

In terms of industries, in April, 33 of the 41 major industries maintained an increase in value added. Among them, the agricultural and sideline food processing industry increased by 3.4%, the textile industry decreased by 1.8%, the chemical raw materials and chemical products manufacturing industry increased by 3.4%, the non-metallic mineral products industry increased by 9.8%, and the ferrous metal smelting and rolling processing industry increased by 11.5%.Non-ferrous metalSmelting and rolling processing industry increased by 8.9%, general equipment manufacturing industry increased by 2.0%, special equipment manufacturing industry increased by 2.8%, automobile manufacturing industry decreased by 1.1%, railways, ships,aviationAerospace and other transportation equipment manufacturing grew by 5.8%, electrical machinery and equipment manufacturing grew by 7.1%, computer, communications and other electronic equipment manufacturing grew by 12.4%, and power, thermal production and supply grew by 9.1%.

In terms of regions, in April, the added value of the eastern region increased by 2.5% year-on-year, the central region increased by 7.7%, the western region increased by 4.0%, and the northeast region decreased by 0.1%.

In terms of products, in April, 298 of the 605 products increased year-on-year. Among them, steel products were 102.05 million tons, up 11.5% year-on-year; cement was 213.45 million tons, up 3.4%; ten kinds of non-ferrous metals were 4.74 million tons, up 4.9%; ethylene was 1.69 million tons, up 9.5%; cars were 2.02 million, down 15.8% Among them, the number of cars was 797,000, down 18.8%;new energy vehicles89,000 vehicles, an increase of 17.1%; power generation of 544 billion kWh, an increase of 3.8%;crudeThe processing volume was 52.1 million tons, an increase of 5.1%.

In April, the sales rate of industrial enterprises was 97.2%, down 2.4 percentage points from the same period of the previous year. Industrial enterprises achieved an export delivery value of 989.9 billion yuan, a nominal increase of 7.6% year-on-year.

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Keyword reading:Industrial growth rate

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Why is the industrial growth rate dropping significantly? Bureau of Statistics: April VAT reduction

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