Industrial prosperity index stable in Q3 (4)

Tax growth dropped

On the basis of initial seasonal adjustment, the total tax of industrial enterprises in the third quarter increased by 4.3 percent, 3.3 percentage points lower than the one in the last quarter and keeping the drop situation since the fourth quarter of last year.

The total tax amount accounted for 4.2 percent of the sales income, 0.1 percentage point lower than the one in the last quarter and close to the lowest level in the history. Slowdown of industrial sales income growth, profit reduction and structural tax reduction affect the increase of tax. The implementation of structural tax reduction policy relieves the tax burden of enterprises to a certain extent.

The growth rate of accounts receivable still keep high

On the basis of initial seasonal adjustment, up to the end of the third quarter, the net account receivable of industrial enterprises increased by 15.6 percent year-on-year, 0.3 percentage points lower than the one of the last quarter with a stable trend. It was 5.4 percentage points higher than the growth of accumulative sales income in the first three quarters and the growth difference was 1.4 percentage points higher than that in the second quarter. The days of turnover for account receivable are 30, almost equal to the last quarters.

In the third quarter, the monetary policy was loosened somewhat, financial constraint of enterprises was relieved somewhat and the capital turnover gradually tended to be stable.

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