BEIJING, Sept. 13 (Xinhua) -- China's value-added industrial output, an important economic indicator, increased mildly in August -- an encouraging sign for a slowing economy.
Industrial output expanded 6.3 percent year on year last month, faster than the 6-percent increase for July and the 6.1 percent posted for the same period of last year, according to data from the National Bureau of Statistics (NBS) on Tuesday.
Industrial output measures the output of Chinese companies with annual main business revenue of more than 20 million yuan (3 million U.S. dollars).
According to the breakdown, the industrial output in less-developed western regions rose 7.9 percent, followed by 7.8 percent for central regions and 7.2 percent in the east.
However, northeastern areas plagued by serious overcapacity did not fare so well, with a 2-percent output drop.
By sectors, automobile manufacturing jumped 21.4 percent in August, followed by 11.5 percent in the pharmaceutical sector and 10.6 percent in electronics manufacturing, NBS said.
In the first eight months, industrial output increased 6 percent from a year ago.
Related:
China's property investment slightly picks up
BEIJING, Sept. 13 (Xinhua) -- Investment in China's property sector picked up slightly with sales showing continued expansion, official data showed Tuesday.
Real estate investment rose 5.4 percent year on year in the first eight months of 2016, slightly higher than 5.3 percent registered during the January-July period, according to the National Bureau of Statistics (NBS).Full story
China retail sales up 10.6 pct in August
BEIJING, Sept. 13 (Xinhua) -- China's consumer goods retail sales grew 10.6 percent year on year in August, accelerating from the 10.2-percent growth posted in July on the back of robust online sales.
Total retail sales of consumer goods amounted to 2.75 trillion yuan (410.4 billion U.S. dollars) last month, according to the National Bureau of Statistics (NBS) on Tuesday. Full story
China's fiscal revenue rises 1.7 pct in August
BEIJING, Sept. 13 (Xinhua) -- China's fiscal revenue rose 1.7 percent year on year to 989.4 billion yuan (224 billion U.S. dollars) in August, data from the Ministry of Finance showed Tuesday.
Revenue growth was down from the 3.3-percent gain posted for July. Full story
China's private investment remains weak
BEIJING, Sept. 13 (Xinhua) -- China's fixed-asset investment by the private sector remained weak despite government attempts to stimulate growth, official data showed on Tuesday.
Fixed-asset investment by the private sector in China increased 2.1 percent in the first eight months, unchanged from the growth seen in the January-July period, according to the National Bureau of Statistics (NBS). Full story
