China News Service, June 15th, according to the National Bureau of Statistics website, Zhang Min, statistician of the Department of Foreign Trade and Economics of the National Bureau of Statistics, interpreted data on the total retail sales of consumer goods in May and pointed out that as the domestic epidemic prevention and control situation continued to strengthen, enterprises The pace of resuming business and reinvigorating the market has accelerated, and the order of residents' lives has clearly recovered. Especially under the promotion of various policies such as expanding domestic demand and promoting consumption, residents' consumption has continued to improve, and the decline in market sales has narrowed for three consecutive months.
Market sales continued to improve, and the retail scale of commodities was close to the level of the same month of the previous year
The consumer market continues to improve gradually. As the national epidemic prevention and control situation continues to improve, residents' outing shopping and dining activities have accelerated and market sales have improved for three consecutive months. In May, the total retail sales of social consumer goods decreased by 2.8% year-on-year, a decrease of 4.7 percentage points on the basis of a narrowing of 8.3 percentage points in April. After deducting price factors, the actual decrease was 3.7%, which was narrowed by 5.4 percentage points.
The retail scale of commodities is close to the level of the same month last year. In May, retail sales of goods fell by 0.8% year-on-year, a decrease of 3.8 percentage points from April. Among them, the retail sales of units above designated size increased from a decline to a year-on-year increase of 2.5%, compared with a 1.5% decrease in April. In terms of commodity categories, among the retail value of units above designated size, nearly 80% of commodities achieved year-on-year growth, and most retail sales improved compared with April.
Retail sales of upgraded products continued to improve, and the growth rate of residential products increased from falling to rising
Some consumption upgrading commodities maintained rapid growth. Driven by the stability of the central and local governments and the promotion of automobile consumption policies, residents' demand for car purchases and car replacements has been continuously released, and sales in the auto market have picked up. In May, the retail sales of automotive commodities above the designated size increased by 3.5% year-on-year, and the growth rate was the second highest since May 2018 (the highest value was June 2019 before the implementation of the automotive emission standard switch).
According to data from the China Association of Automobile Manufacturers, passenger vehicle sales in May increased by 7% year-on-year, and fell by 2.6% in April. According to data from the China Automobile Dealers Association, comprehensive sales of passenger cars in May increased by 1.8% year-on-year, compared with a decrease of 5.6% in April. In May, the retail sales of cosmetics and sports and entertainment products above designated size increased by 12.9% and 15.4% year-on-year, respectively, and the growth rate was 9.4 and 3.8 percentage points higher than that of April; the retail sales of communications equipment increased by 11.4%, and continued to maintain The double-digit growth is relatively fast.
Residential commodities achieved year-on-year growth. The sales of real estate have been restored, and the promotion of household appliances consumption policies has been promoted. The retail sales of residential goods have increased from falling to rising. In May, the retail sales of household appliances and audio-visual equipment, furniture, and construction and decoration materials in units above designated size increased by 4.3%, 3.0%, and 1.9% year-on-year, respectively, while they decreased by 8.5%, 5.4%, and 5.8% in April.
New-type consumption accelerates growth, and consumption of accommodation and catering services accelerates recovery
The growth rate of online retail sales of physical goods continued to accelerate. From January to May, the online retail sales of physical goods nationwide increased by 11.5% year-on-year, and the growth rate was 2.9 percentage points faster than that of January-April; the online retail sales of physical goods accounted for 24.3% of the total retail sales of consumer goods, an increase of 5.4 compared with the same period last year percentage point. According to data from the State Post Bureau, the volume of express delivery in May increased by 41% year-on-year, and the revenue of express delivery increased by 25%.
The operation of the catering and accommodation industry has improved. In May, catering revenue decreased by 18.9% year-on-year, and on the basis of a sharp decrease of 15.7 percentage points in April, the decline continued to narrow by 12.2 percentage points; catering services such as takeaways grew rapidly, and accommodation and catering companies above the designated size in May passed the public network The realized catering revenue increased by more than 20% year-on-year. From the perspective of room revenue, in May, the decline in room revenue of accommodation enterprises above designated size narrowed by about 10 percentage points from April.
Relevant industries are in the booming zone, and market vitality is gradually recovering
The industry boom is rising. In May, the non-manufacturing business activity index was 53.6%, an increase of 0.4 percentage points from the previous month. Among them, the business activity index of the wholesale and retail industry was above the gloom line for three consecutive months, the business activity index of the catering industry was above the gloom line for two consecutive months, and the business activity index of the accommodation industry rose to the gloom line for the first time since February the above.
Market vitality continued to rebound. According to the monitoring of the Ministry of Commerce, the average daily sales of key retail enterprises during the "May Day" period increased by 32.1% compared with the Qingming holiday; data from the China Federation of Logistics and Purchasing showed that the prosperity index of China's logistics industry in May was 54.8%, up 1.2 points from April Percentage; data from China National Railway Group Co., Ltd. shows that the average daily number of passengers sent by national railways in May increased by 37.6% month-on-month, and the passenger flow showed a rapid rebound trend.
On the whole, driven by the gradual restoration of residents' living order and the effective implementation of various consumer promotion policies, the market sales situation has been further consolidated. In the next stage, with the solid progress of the "six stability" work, the continuous implementation of the "six guarantees" task, and the implementation of the strategy of expanding domestic demand, the consumer market will gradually return to normal.