Industrial prosperity index stable in Q3

CE Industrial Prosperity Index was 95.4 in the third quarter of 2012, dropping by 0.5 compared with that in the last quarter with a slightly narrowed drop.

With the emergence of lag effect of the measures for stabilizing economy, the industrial economy is expected to get warm again in the fourth quarter. Presently, it should integrate the measures for stabilizing economy and adjusting structure on the basis of continued implementation of prudent monetary policy and timely and proper adjustment.

Industrial production keeps the slow but stable trend

In the first three quarters, the added value of industries above a designated scale increased by 10.0 percent year-on-year on the basis of comparable prices, 0.5 percentage points lower than the first half of the year. Light and heavy industry increased by 10.4 and 9.7 percent respectively year-on-year, 0.7 and 0.4 percentage points lower respectively than the first half of the year, with a slightly narrowed drop compared with the one in the last quarter.

Sales growth speed dropped slightly

On the basis of initial seasonal adjustment, the product sales income of industrial enterprises in the third quarter increased by 7.8 percent year-on-year with the growth speed dropping by 3.3 percentage points compared with the one in the last quarter and the drop range increasing by 1.0 percentage point compared with the one in the last quarter. In view of the high drop range of the industrial producer prices and high growth base number of the product sales income in the third quarter, it can be thought that the drop of the industrial sales growth was tender in the third quarter.

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