May. 31, 2012 (China Knowledge) - The consumer goods industry in China saw its value-added output grow 13.4% YoY in the first four months of this year, slowing from a 14.3% increase in the first quarter, according to statistics from the Ministry of Industry and Information Technology
The growth rate was 2.4 percentage points higher than that of the whole industrial sector.
The domestic sales value of the consumer goods industry jumped 20.2% YoY to RMB 6.46 trillion in the first four months. The growth rate was 1.9 percentage points lower than that in Q1.
The sector's export delivery value climbed 6.5% YoY to RMB 978.3 billion in the period.
From January to April, consumer goods enterprises each with core business revenue of at least RMB 200 billion realized RMB 326.85 billion in gross profit, reflecting a growth of 15.4% YoY. The gross profit of the light industry and pharmaceutical sector rose 20.6% and 15.5% YoY, respectively, and that of the tobacco sector saw steady growth of 17.7%. However, the gross profit of the textile sector fell 2.4% YoY.