Production and sales of these firms picked up in Mar

with the aggregated industrial value added expanding by 8.5 percent year-on-year, 3.2 percentage points

higher than that in the January-February period.

Operation revenue jumped by 13.7 percent year-on-year i

n March, 10.4 percentage points more than that in the January-February period.

Stabilizing prices served as another driver of the rebound, according to an NBS analy

sis. The producer prices rose 0.4 percent year-on-year in March, ending a decline for eight months in a row.

The purchasing prices for raw materials edged up 0.2 percent from a ye

ar ago, 0.1 percentage points higher than that in the January-February period.

Preliminary estimates showed that the price changes added 26.8 billion yuan to industrial profits in March, and the cont

ribution of price changes to industrial profit growth rose by 4.5 percentage points from that in the Ja

nuary-February period, said senior statistician Zhu Hong from the NBS’s Industrial Bureau.

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