China News Service, June 15, according to the National Bureau of Statistics website, the national economy continued its recovery in May. Various regions and departments have resolutely implemented the decision-making and deployment of the Party Central Committee and the State Council, scientifically coordinated the normalization of epidemic prevention and control and economic and social development, and resumed production and re-launched businesses, and resumed the market. The production demand continued to improve, the overall employment price remained stable, and positive changes accumulated , The national economy gradually recovered.
Industrial production continues to pick up, equipment manufacturing and high-tech manufacturing are growing rapidly
In May, the added value of the industrial enterprises above designated size increased by 4.4% year-on-year, and the growth rate was 0.5 percentage points faster than that of April; the chain increased by 1.53%. From January to May, the added value of the industrial enterprises above designated size fell by 2.8% year-on-year, which was 2.1 percentage points narrower than that from January to April. In May, by economic type, the value-added of state-owned holding enterprises increased by 2.1% year-on-year; joint-stock enterprises increased by 4.8%; foreign-invested, Hong Kong, Macao, and Taiwan-invested enterprises increased by 3.4%; and private enterprises increased by 7.1%. In terms of three categories, the added value of the mining industry increased by 1.1%, the manufacturing industry increased by 5.2%, and the production and supply of power, heat, gas and water increased by 3.6%. In May, the added value of equipment manufacturing industry and high-tech manufacturing industry increased by 9.5% and 8.9% respectively, faster than that of industries above designated size by 5.1 and 4.5 percentage points. From the perspective of product output, the output of excavation, shoveling and transportation machinery, microcomputer equipment, optical cables, automobiles, and industrial robots increased by 62.1%, 22.3%, 20.8%, 19.0%, and 16.9% respectively year-on-year.
From January to April, the total profits of industrial enterprises above designated size nationwide amounted to 1,259.8 billion yuan, a year-on-year decrease of 27.4%, a decrease of 9.3 percentage points from January to March. In April, the total profits of industrial enterprises above designated size fell by 4.3% year-on-year. It narrowed by 30.6 percentage points in March.
The growth rate of the service industry production index changed from negative to positive, and the modern service industry has a good growth trend
In May, the national service industry production index increased by 1.0% year-on-year, and fell by 4.5% in April. From January to May, the service industry production index fell by 7.7% year-on-year, a decrease of 2.2 percentage points from January to April. From the perspective of major industries, in May, the information transmission, software and information technology service industries, real estate industry, and financial industry production index increased by 12.9%, 7.1%, and 5.2% respectively year-on-year, which were 7.7, 6.0, and 0.8 percentage points faster than in April; In the wholesale and retail industries, the lodging and catering industries decreased by 2.1% and 21.7% year-on-year, respectively, and the declines were 4.5 and 12.0 percentage points lower than in April. From January to April, the operating income of service enterprises above designated size declined by 8.6% year-on-year, a decrease of 2.9 percentage points from January to March, of which information transmission, software and information technology services increased by 6.9%.
Market sales are gradually picking up, consumption upgrading products and online retailing continue to improve
In May, the total retail sales of social consumer goods was 3137.3 billion yuan, a year-on-year decrease of 2.8%, a decrease of 4.7 percentage points from April; a month-on-month increase of 0.79%. From January to May, the total retail sales of consumer goods was 1,387.3 billion yuan, a year-on-year decrease of 13.5%, and the decrease was 2.7 percentage points narrower than that from January to April. In May, according to the location of the operating unit, the retail sales of consumer goods in urban areas was 2,788.1 billion yuan, down 2.8% year-on-year; the retail sales of consumer goods in rural areas was 409.2 billion yuan, down 3.2%. By consumption type, catering revenue was 301.3 billion yuan, down 18.9%; retail sales of goods was 2,895.9 billion yuan, down 0.8%. The sales of basic living commodities grew rapidly. In May, among the retail sales of units above designated size, daily necessities, beverages, grains, oils and foods increased by 17.3%, 16.7% and 11.4% year-on-year respectively. The sales of consumption upgrading products continued to improve. In May, sports and entertainment products and cosmetics products increased by 15.4% and 12.9% respectively, 3.8 and 9.4 percentage points faster than that of April; automotive products increased by 3.5%. Online retailing continued to improve. From January to May, the nationwide online retail sales were 4,017.6 billion yuan, a year-on-year increase of 4.5%, 2.8 percentage points faster than that from January to April. Among them, the online retail sales of physical goods increased by 11.5%, compared with January to April Accelerate by 2.9 percentage points, accounting for 24.3% of total retail sales of consumer goods, an increase of 0.2 percentage points from January to April.
The decline in fixed asset investment has narrowed significantly, and the growth rate of investment in high-tech industries and social fields has changed from negative to positive
From January to May, national fixed asset investment (excluding rural households) was 199.494 billion yuan, a year-on-year decrease of 6.3%, a decrease of 4.0 percentage points from January to April; May increased by 5.87% month-on-month. In terms of different fields, infrastructure investment decreased by 6.3% year-on-year, investment in manufacturing decreased by 14.8%, and investment in real estate development decreased by 0.3%, which were 5.5, 4.0, and 3.0 percentage points narrower than those in January-April. The sales area of commercial housing nationwide was 487.03 million square meters, a year-on-year decrease of 12.3%; the sales of commercial housing was 4.6269 trillion yuan, a decrease of 10.6%, which were 7.0 and 8.0 percentage points narrower than those in the first four months. In view of different industries, the investment in the primary industry was flat year-on-year, a decrease of 5.4% from January to April; the investment in the secondary industry decreased by 11.8%, and the investment in the tertiary industry decreased by 3.9%, which was 4.2 and 3.9 percentage points narrower than those from January to April respectively . Investment in high-tech industries increased by 1.9%, and fell by 3.0% from January to April. Among them, investment in high-tech manufacturing and high-tech service industries increased by 2.7% and 0.5%, respectively. In the high-tech manufacturing industry, the computer and office equipment manufacturing industry and the pharmaceutical manufacturing industry increased by 12.0% and 6.9% respectively; in the high-tech service industry, the investment in the e-commerce service industry and the technology achievement transformation service industry increased by 25.4% and 25.2%, respectively. Investment in the social sector increased by 3.6%, and decreased by 3.1% from January to April. Among them, investment in education and health increased by 10.4% and 9.5% respectively, which was 7.5 and 4.8 percentage points faster than that in January-April.
The increase in consumer prices fell, and the decline in factory producer prices expanded
In May, national consumer prices rose by 2.4% year-on-year, a decrease of 0.9 percentage points from April; the month-on-month decline of 0.8%. From January to May, national consumer prices rose 4.1% year-on-year. In terms of categories, in May, food, tobacco and alcohol prices rose 8.5% year-on-year, clothing fell 0.4%, residence decreased 0.5%, daily necessities and services rose 0.1%, transportation and communications fell 5.1%, education, culture and entertainment rose 2.2%, medical Health care rose 2.1%, and other supplies and services rose 5.3%. Among the prices of food, tobacco and alcohol, pork increased by 81.7%, food increased by 1.5%, fresh vegetables decreased by 8.5%, and fresh fruits decreased by 19.3%. After deducting food and energy prices, the core CPI rose 1.1%, unchanged from April.
In May, the producer prices of industrial producers nationwide fell by 3.7% year-on-year, an increase of 0.6 percentage points from April, and a decrease of 0.4% month-on-month. The purchase price of industrial producers fell by 5.0% year-on-year and by 1.2% month-on-month. From January to May, the ex-factory prices of industrial producers and the purchase prices of industrial producers fell by 1.7% and 2.2% year-on-year respectively.
Unemployment rate in urban surveys is generally stable, and new employment has decreased slightly
In May, the national unemployment rate for urban surveys was 5.9%, a decrease of 0.1 percentage points from April; the unemployment rate for the 25-59-year-old population survey was 5.4%, a decrease of 0.1 percentage points. The surveyed unemployment rate in 31 major cities and towns was 5.9%, an increase of 0.1 percentage point from April. In May, the average weekly working hours of employees in enterprises across the country was 46.1 hours, an increase of 1.8 hours from April. From January to May, there were 4.6 million new jobs in cities and towns across the country, a decrease of 1.37 million compared with the same period last year.
Exports of goods maintained growth and trade surplus expanded
In May, the total import and export of goods was 2,469.6 billion yuan, a year-on-year decrease of 4.9%. Among them, exports were 1,465.2 billion yuan, an increase of 1.4%; imports were 1,013.4 billion yuan, a decrease of 12.7%. The balance of imports and exports, the trade surplus of 442.7 billion yuan, an increase of 124.6 billion yuan from April. From January to May, the total import and export of goods was 115381 billion yuan, a year-on-year decrease of 4.9%. Among them, exports were 618.9 billion yuan, down 4.7%; imports were 53391 billion yuan, down 5.2%. The structure of trade methods continued to be optimized. From January to May, general trade imports and exports accounted for 59.9% of total imports and exports, an increase of 0.1 percentage points from the same period last year. The import and export of private enterprises accounted for 44.3% of total imports and exports, an increase of 2.9 percentage points over the same period last year.
Financial credit is growing rapidly, and market expectations are generally stable
At the end of May, the stock of social financing scale was 268 trillion yuan, an increase of 12.5% year-on-year; the balance of RMB loans issued to the real economy was 162 trillion yuan, an increase of 13.3%. The balance of broad money (M2) is 210 trillion yuan, an increase of 11.1% year-on-year, and the growth rate is the same as that at the end of April; the balance of narrow money (M1) is 58 trillion yuan, an increase of 6.8%, the growth rate is 1.3 percentage points higher than that at the end of April; in circulation The balance of currency (M0) was 8 trillion yuan, an increase of 9.5%. At the end of May, the balance of RMB loans was 163 trillion yuan, an increase of 13.2% year-on-year, and the growth rate was 0.1 percentage point higher than that at the end of April. In May, RMB loans increased by 1.48 trillion yuan, an increase of 298.4 billion yuan year-on-year.
In May, the composite PMI output index was 53.4%, which was the same as that in April. The manufacturing purchasing managers index was 50.6%, down 0.2 percentage points from April. The non-manufacturing business activity index was 53.6%, an increase of 0.4 percentage points from April; the construction industry business activity index was 60.8%, an increase of 1.1 percentage points, and the service industry business activity index was 52.3%, an increase of 0.2 percentage points.
Overall, the main economic indicators continued to improve in May, and the economic operation continued to recover. At the same time, it should also be noted that the overseas epidemic situation and the world economic situation have become more severe and complicated, and the stable operation of the domestic economy still faces many risks and challenges. The next step is to coordinate the advancement of epidemic prevention and control and economic and social development, adhere to the overall tone of steady progress, adhere to the new development concept, resolutely fight the three major battles, do a good job of the "six stability", and fully implement the "six guarantees" "Tasks, pay close attention to various policies and measures to achieve early results, and strive to complete the annual economic and social development goals and tasks.