Kunming's value-added industrial output up by 10.2% year-on-year in January, February

km.gov.cn|Updated: April 3, 2023

Statistics show that Kunming's value-added industrial output grew 10.2 percent year-on-year during the January-February period, 1.7 percent higher than the national average, sending a strong signal for its market expectations and economic recovery.

In the first two months of this year, the value-added industrial output of the mining firms fell 12.6 percent, while that of the manufacturing sector registered a year-on-year increase of 10 percent.

The industrial output of power, heat, gas, water production and supply firms expanded by nearly 20 percent year-on-year in January and February.

The industrial output of precious metal processing increased by 41.8 percent over the same period. Computer, telecommunications and other electronic equipment manufacturing soared by 59.2 percent.

Investment in the industrial sector rose by 80.9 percent year-on-year over the January-February period. Retail sales in rural and urban areas came in at 2.61 billion yuan ($ 381.3 million) and 46.7 billion yuan ($ 6.8 billion), up by 2.8 percent and 2.7 percent respectively.

Its retail market registered a year-on-year increase of 2.3 percent to 41.2 billion yuan ($ 6 billion), while the profits of the catering sector surged 4.8 percent to 8.1 billion yuan ($ 1.2 billion) from January to February.