BEIJING – Industrial production in China rose 6.8 percent year-on-year in May, slowing down two tenths compared to the rise registered in April, but still above the 6 percent increase reported in March, the National Bureau of Statistics said on Thursday.
Industrial production accumulated in the first five months of the year, which is officially called “industry value added,” has risen 6.9 percent in China.
This indicator is used to measure the activity of large companies that have an annual turnover of at least 20 million yuan (about $3 million).
By sector, the production and supply of electricity, thermal energy, gas and water grew the most last month, with a joint increase of 12.2 percent compared to the same month of the previous year.
Production in the services sector rose by 8.1 percent year-on-year, a tenth more than in April, while the increase in production in the technology and software industry recorded “solid rises,” the office said.