[Ferro-Alloys.com]According to the statistics of National Bureau, in August, the industry growth kept the recovering trend, which increased by 10.4% Y-O-Y.In the capital market called “economic barometer", destocking conditions of 2488 listed enterprises also presented the stable signs.

 

In the first half year of 2013, affected by the slowdown economic growth, the total stock of the listed companies in China increased. The total stock reached RMB5.4996trillion, 16.19% higher than the same period of last year. According to the classification of level one by Shenyin & Wanguo securities, the top three industries in stock growth were building materials, transportation and financial services, with the increasing rate of 30.07%, 26.11% and 24.98%.

 

Comparing with the second year of 2012, the stock growth speed slowed down greatly. There were 10 industries presented a negative growth. Extractive industry stock decreased 9.37%, ranking the first. The non-ferrous metals and the household appliances were in the second and the third, with the decreasing rate of 8.16% and 7.75%. Other industries with large decreasing rate were Animal husbandry and fishery (-4.43%), light manufacturing (-4.27%), financial service (-4.42%), chemical industry (-2.58%), information sevices (-2.0%), machinery and equipment (-1.64%) and utilities (-0.92%). All the data above presented that the destocking effect was obvious and the decreasing economic growth speed slowed down.