China's August Industrial Value Added Rises 5.2% Year on Year, Up 0.7 Points From July
China's value added of industrial enterprises above designated size rose 5.2% year on year in August, 0.7 percentage points faster than in July, the National Bureau of Statistics said. On a month-on-month basis, the measure grew 0.54%. For January to August, industrial value added was up 5.3% year on year. Industrial profits for January to July totaled RMB 4,582.1 billion, up 17.6%.
Value added of industrial enterprises above designated size rose 5.2% year on year in real terms in August, 0.7 percentage points faster than the previous month, data from the National Bureau of Statistics showed. All growth rates for value added are real rates adjusted for price factors. On a month-on-month basis, value added of industrial enterprises above designated size increased 0.54% in August.
For January to August, value added of industrial enterprises above designated size rose 5.3% year on year. For January to July, industrial enterprises above designated size posted total profits of RMB 4,582.1 billion, up 17.6% year on year.
Why this event matters
The event has a measured impact on 4 industrys. The strongest current signal is positive for General Industrial Equipment, with intensity 58/100 and 60% confidence over a short term horizon.
General Industrial Equipment
- Direction
- positive
- Intensity
- 58
- Confidence
- 60%
- Horizon
- Short term
Basic Chemicals
- Direction
- positive
- Intensity
- 55
- Confidence
- 55%
- Horizon
- Short term
Steelmaking
- Direction
- positive
- Intensity
- 55
- Confidence
- 55%
- Horizon
- Short term
Electronic Components
- Direction
- positive
- Intensity
- 52
- Confidence
- 52%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.