National Bureau of Statistics: Industrial Value Added Above Designated Size Increased 6.3% in January-February 2026

According to the China Securities Journal APP, data from the National Bureau of Statistics show that from January to February, the added value of industrial enterprises above designated size increased by 6.3% year-on-year in real terms (growth rates excluding price factors). On a month-on-month basis, in February, the added value of these industrial enterprises increased by 0.83% compared to the previous month.

Looking at the three major sectors, from January to February, the mining industry’s added value grew by 6.1% year-on-year, manufacturing increased by 6.6%, and the electricity, heat, gas, and water production and supply industries grew by 4.7%.

In terms of economic types, from January to February, the value added by state-controlled enterprises increased by 4.2% year-on-year; joint-stock enterprises grew by 6.9%; foreign and Hong Kong, Macao, and Taiwan-invested enterprises increased by 4.0%; and private enterprises grew by 7.4%.

By industry, from January to February, 35 out of 41 major industry categories saw year-on-year growth in added value. Notably, coal mining and washing increased by 7.2%, oil and natural gas extraction grew by 5.8%, agricultural and sideline food processing increased by 6.1%, alcohol, beverage, and refined tea manufacturing grew by 4.3%, textile industry increased by 5.3%, chemical raw materials and chemical products manufacturing grew by 7.6%, non-metallic mineral products increased by 2.5%, ferrous metal smelting and rolling processing grew by 2.2%, non-ferrous metal smelting and rolling processing increased by 3.9%, general equipment manufacturing grew by 8.9%, specialized equipment manufacturing increased by 8.8%, automobile manufacturing grew by 3.4%, railway, ship, aerospace, and other transportation equipment manufacturing increased by 13.7%, electrical machinery and equipment manufacturing grew by 8.7%, computer, communication, and other electronic equipment manufacturing increased by 14.2%, and electricity, heat production, and supply grew by 5.1%.

Looking at products, from January to February, out of 626 products in industrial enterprises above designated size, 397 saw year-on-year growth in output. Among them, steel production was 221.19 million tons, down 1.1%; cement was 178.27 million tons, up 6.8%; ten types of non-ferrous metals totaled 13.42 million tons, up 3.9%; ethylene was 6.6 million tons, up 5.1%; automobile output was 4.024 million units, down 9.9%, including 1.604 million new energy vehicles, down 13.7%; electricity generation was 1,571.8 billion kWh, up 4.1%; crude oil processing was 122.63 million tons, up 2.9%.

From January to February, the product sales rate of industrial enterprises above designated size was 95.4%, a decrease of 0.1 percentage points year-on-year; the export delivery value of these enterprises reached 2.405 trillion yuan, a nominal increase of 6.3% year-on-year.

This article is compiled from the official website of the National Bureau of Statistics; edited by Li Fo for China Securities Journal.