China's Industrial Value Added Output up 13.3% in Nov.

China's industrial value-added output year-on-year growth quickened to 13.3 percent in November from 13.1 percent in October, the National Bureau of Statistics (NBS) said Saturday.

The growth rate for the first 11 months was 15.8 percent year on year, down 0.3 percentage points from the January-to-October period, the NBS said.

The industrial value-added output of state-owned and state-holding companies grew 10.9 percent in November and that of collectively-owned and joint-stock enterprises expanded 10.8 percent and 14.4 percent,respectively. Companies with overseas investment posted a rise of 11.7 percent.

For heavy industries, industrial value-added output was up 13.6 percent year on year in November, and that for light industries climbed 12.7percent, according to the NBS data.

Industrial value-added output measures the final results of industrial production, which is the value of gross industrial output minus intermediate input such as raw materials and labor.

In November, 407 out of the 503 products monitored by the government posted gains in production volume. Output of crude steel and cement rose 4.8 percent and 17.3 percent respectively from the previous month.

The sales rate of industrial products dropped to 97.5 percent in November, down 0.4 percentage points from the same month last year. The delivery value of industrial exports rose 20.8 percent year-on-year to 828.7 billion yuan (125.56 billion U.S. dollars) in November.