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Industrial added value in October increases 17.2%
( 2003-11-10 20:55) (Xinhua)

China's industrial added value in October increased by 17.2 percent from the same month last year, reaching a total 375.3 billion yuan (45.2 billion US dollars), the State Statistics Bureau said Monday.

The industrial added value's growth rate in October was 0.9 percentage points more than that in September.

China's total industrial added value in the first 10 months of 2003 stood at 3272.8 billion yuan (394.3 billion US dollars), up 16.7 percent from the same period last year, according to the bureau.

The bureau said the three pillar industries, namely, electronic telecommunication equipment manufacturing, electric machinery manufacturing and metallurgy, reported remarkable growths in October, up 6.1 percent, 5 percent and 4.7 percent respectively from September.

A slowdown in automobile sales dropped the transportation equipment manufacturing sector's contribution rate to the growth of the total industrial added value in October compared with that in September, according to the bureau's statistics.

 
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