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NBS: China industry’s Q3 capacity utilization above 77%

ABSTRACT

For the July-September quarter, capacity utilization rate among China’s industrial enterprises averaged 77.1%, up 0.4 percentage point on year but down 1.3 percentage points on quarter, partly as ferrous and nonferrous smelting and fabrication plants and automakers posted on-year declines, according to the release by the country’s National Bureau of Statistics (NBS) on October 18.
NBS puts the country’s industrial sectors into three categories including mining and beneficiation, manufacturing, and power, heating, fuel and water production and supplyand the quarterly survey includes around 90,000 enterprises, according to the bureau. Among all, oil and natural gas drilling posted the highest utilization rate at90% in the third quarter,

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