(March 18, 2024)

National Bureau of Statistics

　　From January to February, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all regions and departments resolutely implemented the decisions and arrangements of the Party Central Committee and the State Council, adhered to the general tone of seeking progress while maintaining stability, and completely, accurately and comprehensively implemented the new development concept , accelerate the construction of a new development pattern, solidly promote high-quality development, focus on expanding domestic demand, optimizing the structure, boosting confidence, preventing and defusing risks, the effects of macroeconomic policies continue to be released, production demand is rising steadily, employment and prices are generally stable, and the quality of development continues Improvement, economic performance continues to rebound and has a stable start.

　　1. Industrial production is accelerating, and consumer goods manufacturing and high-tech manufacturing are picking up.

　　From January to February, the added value of industries above designated size nationwide increased by 7.0% year-on-year, 0.2 percentage points faster than December last year.

Divided into three categories, the added value of the mining industry increased by 2.3% year-on-year, the manufacturing industry increased by 7.7%, and the electricity, heat, gas and water production and supply industry increased by 7.9%.

The added value of the consumer goods manufacturing industry increased by 4.7%, an increase of 4.4 percentage points from December last year; the added value of the high-tech manufacturing industry increased by 7.5%, an increase of 1.1 percentage points.

In terms of economic types, the added value of state-controlled enterprises increased by 5.8%; joint-stock enterprises increased by 7.3%; foreign and Hong Kong, Macao and Taiwan-invested enterprises increased by 6.2%; private enterprises increased by 6.5%.

In terms of products, the output of 3D printing equipment, charging piles, and electronic components increased by 49.5%, 41.8%, and 41.5% respectively year-on-year.

From a month-on-month perspective, the added value of industrial enterprises above designated size in February increased by 0.56% compared with the previous month.

In February, the manufacturing purchasing managers index was 49.1%, and the enterprise production and operation activity expectation index was 54.2%.

　　2. The service industry has a good growth momentum and the modern service industry is developing well.

　　From January to February, the national service industry production index increased by 5.8% year-on-year.

In terms of industries, the production index of accommodation and catering industry, information transmission, software and information technology service industry, financial industry, transportation, warehousing and postal industry, and wholesale and retail industry increased by 12.1%, 10.4%, 8.2%, and 7.1% respectively year-on-year. ,7.0%.

In February, the service industry business activity index was 51.0%, an increase of 0.9 percentage points from the previous month; the service industry business activity expectation index was 58.1%.

Among them, the business activity index of industries such as road transportation, air transportation, catering, monetary and financial services, ecological protection and public facilities management, culture, sports and entertainment are all in the relatively high prosperity range above 55.0%.

　　3. Market sales continue to recover, and service consumption grows rapidly

　　From January to February, the total retail sales of consumer goods was 8.1307 billion yuan, a year-on-year increase of 5.5%.

According to the location of business units, the retail sales of urban consumer goods was 7,043.7 billion yuan, an increase of 5.5%; the retail sales of rural consumer goods was 1,087 billion yuan, an increase of 5.8%.

By consumption type, retail sales of goods were 7,182.6 billion yuan, an increase of 4.6%; catering revenue was 948.1 billion yuan, an increase of 12.5%.

Upgraded goods sold faster. Among the retail sales of goods above designated size, communication equipment, sports and entertainment supplies, and automobiles increased by 16.2%, 11.3%, and 8.7% respectively.

National online retail sales reached 2,153.5 billion yuan, a year-on-year increase of 15.3%.

Among them, online retail sales of physical goods were 1,820.6 billion yuan, an increase of 14.4%, accounting for 22.4% of the total retail sales of consumer goods.

From January to February, service retail sales increased by 12.3% year-on-year.

From a month-on-month perspective, the total retail sales of consumer goods in February increased by 0.03% compared with the previous month.

　　4. The growth rate of fixed asset investment picked up, and investment in manufacturing and high-tech industries maintained rapid growth.

　　From January to February, the national fixed asset investment (excluding rural households) was 5.0847 billion yuan, a year-on-year increase of 4.2%, 1.2 percentage points faster than the previous year; excluding real estate development investment, the national fixed asset investment increased by 8.9% year-on-year.

In terms of sectors, infrastructure investment increased by 6.3% year-on-year, manufacturing investment increased by 9.4%, and real estate development investment decreased by 9.0%.

The sales area of ​​newly built commercial housing nationwide was 113.69 million square meters, a year-on-year decrease of 20.5%; the sales volume of newly built commercial housing was 1.0566 billion yuan, a decrease of 29.3%.

In terms of industries, investment in the primary industry fell by 5.7% year-on-year, investment in the secondary industry increased by 11.9%, and investment in the tertiary industry increased by 1.2%.

Private investment increased by 0.4%; excluding real estate development investment, private investment increased by 7.6%.

Investment in high-tech industries increased by 9.4% year-on-year, of which investment in high-tech manufacturing and high-tech services increased by 10.0% and 7.8% respectively.

Among the high-tech manufacturing industries, investment in the information chemicals manufacturing industry and aviation, spacecraft and equipment manufacturing industries increased by 43.2% and 33.1% respectively; among the high-tech service industries, investment in the professional and technical services industry and information service industry increased by 36.2% and 16.1% respectively. %.

From a month-on-month perspective, fixed asset investment (excluding farmers) increased by 0.88% over the previous month.

　　5. The import and export of goods grew rapidly, and the trade structure continued to be optimized.

　　From January to February, the total import and export of goods was 6,613.8 billion yuan, a year-on-year increase of 8.7%.

Among them, exports were 3,752.3 billion yuan, an increase of 10.3%; imports were 2,861.5 billion yuan, an increase of 6.7%.

Imports and exports balanced each other, resulting in a trade surplus of 890.9 billion yuan.

General trade imports and exports increased by 10.0% year-on-year, accounting for 65.7% of total imports and exports, an increase of 0.8 percentage points over the same period last year.

The import and export of private enterprises increased by 17.7%, accounting for 54.6% of the total import and export, an increase of 4.2 percentage points over the same period last year.

Exports of mechanical and electrical products increased by 11.8%, accounting for 59.1% of total exports.

　　6. The employment situation is generally stable, and the surveyed urban unemployment rate is stable.

　　From January to February, the national average urban survey unemployment rate was 5.3%.

In February, the national urban surveyed unemployment rate was 5.3%, an increase of 0.1 percentage points from the previous month and a decrease of 0.3 percentage points from the same month last year.

The surveyed unemployment rate of the local registered labor force is 5.5%; the surveyed unemployment rate of the migrant registered labor force is 4.8%, of which the surveyed unemployment rate of the migrant agricultural registered labor force is 4.8%.

The surveyed urban unemployment rate in 31 large cities was 5.1%.

The average weekly working hours of employees in enterprises across the country is 48.0 hours.

　　7. Consumer prices turned from falling to rising, and core CPI rebounded

　　From January to February, the national consumer price index (CPI) was flat year-on-year, with a decrease of 0.8% in January and an increase of 0.7% in February.

In terms of categories, from January to February, the price of food, tobacco and alcohol fell by 1.9% year-on-year, the price of clothing increased by 1.6%, the price of housing increased by 0.3%, the price of daily necessities and services increased by 0.7%, the price of transportation and communication fell by 1.4%, and the price of education, culture and entertainment fell by 1.4%. Prices of medical care increased by 1.4%, and prices of other supplies and services increased by 2.9%.

Among the prices of food, tobacco and alcohol, pork prices fell by 9.1%, fresh fruit prices dropped by 6.6%, fresh vegetable prices dropped by 5.1%, and grain prices increased by 0.4%.

The core CPI, excluding food and energy prices, rose by 0.8% year-on-year, with a year-on-year increase of 1.2% in February, an increase of 0.8 percentage points larger than the previous month.

From a month-on-month perspective, national consumer prices increased by 0.3% and 1.0% respectively in January and February.

　　From January to February, the national industrial producer price dropped by 2.6% year-on-year.

Looking at each month, January dropped 2.5% year-on-year and 0.2% month-on-month; February fell 2.7% year-on-year and 0.2% month-on-month.

From January to February, the purchasing price of industrial producers nationwide fell by 3.4% year-on-year.

　　Generally speaking, from January to February, as various macro policies took effect, the national economy continued to rebound and improve.

However, we must also note that the external environment is becoming more complex, severe, and uncertain, and the problem of insufficient domestic effective demand still exists, and the foundation for sustained economic recovery needs to be consolidated.

In the next stage, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, fully implement the spirit of the Central Economic Work Conference and the national "Two Sessions", persist in seeking progress while maintaining stability, promote stability through promotion, establish first and then break, and be complete and accurate. , fully implement the new development concept, accelerate the construction of a new development pattern, strive to promote high-quality development, increase macro-control efforts, effectively enhance economic vitality, prevent and resolve risks, improve social expectations, continuously consolidate and enhance the positive economic recovery, and continue to promote The economy has achieved effective improvement in quality and reasonable growth in quantity.