China's value-added industrial output up 4.5% YoY, 0.32% MoM in Aug

In the first eight months this year, value-added industrial output saw a stable 5.8 per cent YoY growth.

Industrial output measures the activity of enterprises each with an annual main business turnover of at least 20 million yuan ($2.82 million).

Nearly four-fifths of the industries and over half of products registered YoY increases, NBS spokesperson Liu Aihua told a recent press conference.

The export delivery value of the industrial sector climbed by 6.4 per cent YoY in August, maintaining a fast growth momentum, Liu was cited as saying by state-controlled media outlets.

ALCHEMPro News Desk (DS)