National Bureau of Statistics: Value added of industries above scale increased by 4.8% in November 2025

The Zhitong Finance App learned that on December 15, the National Bureau of Statistics released data showing that in November, the value added of industries above scale actually increased 4.8% year-on-year (the growth rates of value added are all actual growth rates after deducting price factors). On a month-on-month basis, in November, the value added of industries above scale increased by 0.44% over the previous month. From January to November, the value added of large-scale industries increased by 6.0% year on year. Looking at the three major categories, in November, the value added of the mining industry increased 6.3% year on year, the manufacturing industry grew 4.6%, and the production and supply of electricity, heat, gas and water increased 4.3%.

The original text is as follows:

The value added of large-scale industries increased by 4.8% in November 2025

In November, the value added of industries above scale actually increased 4.8% year on year (the growth rate of value added is the actual growth rate after deducting price factors). On a month-on-month basis, in November, the value added of industries above scale increased by 0.44% over the previous month. From January to November, the value added of large-scale industries increased by 6.0% year on year.

Looking at the three major categories, in November, the value added of the mining industry increased 6.3% year on year, the manufacturing industry grew 4.6%, and the production and supply of electricity, heat, gas and water increased 4.3%.

By economic type, in November, the value added of state-owned enterprises increased 4.2% year on year; joint-stock enterprises increased 5.2%; foreign-invested enterprises, Hong Kong, Macao and Taiwan increased by 3.4%; and private enterprises increased by 3.2%.

By industry, in November, the value added of 30 of the 41 major industries increased year-on-year. Among them, the coal mining and washing industry grew 7.5%, the oil and gas extraction industry grew 5.1%, the agricultural and sideline food processing industry grew 1.7%, the alcohol, beverage and refined tea manufacturing industry fell 0.6%, the textile industry grew 1.8%, the chemical raw materials and chemical products manufacturing industry grew 6.7%, the non-metallic mineral products industry decreased by 1.8%, the ferrous metal smelting and rolling processing industry grew by 4.8%, the general equipment manufacturing industry grew by 4.8%, and the automobile industry grew 11.9%. The railway, ship, aerospace and other transportation equipment manufacturing industry grew 11.9%, the electrical machinery and equipment manufacturing industry grew 4.4%, the computer, communications and other electronic equipment manufacturing industry grew 9.2%, and the electricity, heat production and supply industry grew 4.2%.

By product, in November, the output of 310 products out of 623 products in large-scale industries increased year-on-year. Among them, there were 115.91 million tons of steel, down 2.6% year on year; 154.34 million tons of cement, down 8.2%; 6.99 million tons of ethylene, up 7.7%; 3.09 million tons of ethylene, up 7.3%; 3.59 million vehicles, up 2.4%, of which 1.841 million new energy vehicles, increased 17.0%; power generation capacity was 779.2 billion kilowatt-hours, up 2.7%; crude oil processing volume was 60.83 million tons, up 3.9%.

In November, the product sales rate of industrial enterprises above scale was 96.5%, down 0.8 percentage points year on year; industrial enterprises above scale achieved export delivery value of 1361 billion yuan, a nominal decrease of 0.1% year on year.

This article was compiled from the official website of the “National Bureau of Statistics”. Zhitong Finance Editor: Chen Xiaoyi.