Consumer Goods Industry Value Added Growth Slows Down in Jan-Apr

Source: Ministry of Industry and Information Technology, ChinaScope Financial (Data)

+       Recent data from the Ministry of Industry and Information Technology (MIIT) shows that consumer goods enterprises with annual revenues of more than CNY 20 million from core businesses recorded value added growth of 13.4% year-on-year during the January-April period, down 0.9 percentage points compared with the figure during the January-March period.

+       Growth of value added for light industry, textile, pharmaceutical and tobacco industries were 13.2%, 12.6%, 15.35 and 14.2% in Jan-Apr, down 0.9, 0.5, 1.3 and 1.6 percentage points respectively compared with the first three months.

Compared to March, value added growth of the textile, medical and tobacco industry slowed down.

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