China’s value-added industrial output, an important economic indicator, went up 6.6% year on year in November, data from the National Bureau of Statistics (NBS) showed. The growth accelerated from the 4.6% rise registered in October, according to the NBS. On a monthly basis, industrial output edged up 0.87% in November.

The industrial output is used to measure the activity of enterprises each with an annual main business turnover of at least CNY 20 million (about US$ 2.8 million).

High-tech manufacturing registered a 6.2-percent increase in industrial output in November, up 4.4 percentage points from October, the data revealed.

In the first 11 months, China's industrial output grew 4.3 percent from the same period a year earlier, up 0.2 percentage points from the Jan.-Oct. growth, the NBS said.

The manufacturing output increased by 6.7% year-on-year in November and 4.7% in January to November. In November, the textile industry’s value-added output upped by 2.1%, while it decreased by 0.8% in the January-November period. In the output of main products, the output of fabric declined by 3.4% year-on-year to 2.8 billion meters in November and decreased by 3.8% to 28.3 billion meters in the January-November period, while the output of chemical fibers surged 23.3% to 6.54 million tons in November and rose 10.0% to 65.70 million tons in January-November period.

Source: CHINA TEXTILE LEADER Express