National Bureau Of Statistics: The National Economy Started To Develop Steadily In January And February

　 National Bureau of Statistics: the national economy started to develop steadily in January and February

In January and February, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at the core, all regions and departments thoroughly 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, fully and accurately implemented the new development concept, accelerated the construction of a new development pattern, solidly promoted high-quality development, and continued to work effectively on a package of stock policies and incremental policies, The industrial service industry grew rapidly, consumption and investment continued to improve, the employment situation was generally stable, the new quality productivity grew and expanded, the economic operation started steadily, and the development trend was new and better.  

　　 1、 Rapid growth of industrial production and acceleration of equipment manufacturing and high-tech manufacturing

In January and February, the added value of industries above designated size increased by 5.9% year on year, 0.1 percentage points faster than that of the whole year of last year. In terms of three categories, the added value of the mining industry increased by 4.3% year on year, the manufacturing industry increased by 6.9%, and the production and supply of electricity, heat, gas and water increased by 1.1%. The added value of the equipment manufacturing industry increased by 10.6% year on year, 2.9 percentage points faster than that of the previous year; The added value of high-tech manufacturing increased by 9.1%, 0.2 percentage points faster. By economic type, the added value of state-owned holding enterprises increased by 3.7% year on year; Joint stock enterprises increased by 6.6%, and foreign invested enterprises, Hong Kong, Macao and Taiwan invested enterprises increased by 3.2%; Private enterprises grew by 6.7%. By product, the output of new energy vehicles, 3D printing equipment and industrial robots increased by 47.7%, 30.2% and 27.0% year on year respectively. On a month on month basis, the added value of industries above designated size in February increased by 0.51% over the previous month. In February, the manufacturing purchasing managers' index was 50.2%, up 1.1 percentage points from the previous month; The expected index of enterprise production and operation activities is 54.5%.

　 2、 The service industry grew well, and the modern service industry grew rapidly

In January and February, the national service industry production index increased by 5.6% year on year, 0.4 percentage points faster than the previous year. In terms of industries, the production index of information transmission, software and information technology services, leasing and business services, wholesale and retail, and financial industry increased by 9.3%, 8.8%, 5.6%, and 5.5% year on year respectively. In February, the service industry business activity index was 50.0%; The expected index of service business activities is 56.9%. Among them, the business activity index of air transport, postal services, telecommunications, radio and television and satellite transmission services, monetary and financial services, capital market services and other industries are all in a high boom zone of more than 55.0%.

3、 The growth of market sales is accelerated, and the sales of related goods of trade in are better

In January and February, the total retail sales of consumer goods reached 8373.1 billion yuan, up 4.0% year on year, 0.5 percentage points faster than the previous year. By the location of the business unit, the retail sales of consumer goods in urban areas reached 7246.2 billion yuan, up 3.8%; The retail sales of rural consumer goods reached 1126.9 billion yuan, up 4.6%. By consumption type, the retail sales of goods were 7393.9 billion yuan, up 3.9%; Catering revenue was 979.2 billion yuan, up 4.3%. The sales of basic living goods and some upgrading goods grew well, and the retail sales of grain, oil, food and sports and entertainment goods above the designated size increased by 11.5% and 25.0% respectively. The policy of trade in of consumer goods continued to be effective. The retail sales of communication equipment, cultural and office supplies, furniture, household appliances and audio and video equipment of units above designated size increased by 26.2%, 21.8%, 11.7% and 10.9% respectively. The national online retail sales reached 2276.3 billion yuan, up 7.3% year on year. Among them, the online retail sales of physical goods reached 1863.3 billion yuan, up 5.0%, accounting for 22.3% of the total retail sales of consumer goods. On a month on month basis, the total retail sales of consumer goods in February increased by 0.35% over the previous month. In January and February, the retail sales of services increased by 4.9% year on year.

4、 Fixed asset investment growth picked up, and investment in manufacturing and high-tech industries grew rapidly

In January and February, the national fixed asset investment (excluding farmers) was 5261.9 billion yuan, an increase of 4.1% year on year, 0.9 percentage points faster than the previous year; Excluding real estate development investment, the national fixed asset investment increased by 8.4%. In terms of sectors, infrastructure investment increased by 5.6% year on year, manufacturing investment increased by 9.0%, and real estate development investment decreased by 9.8%. The sales area of newly built commercial housing nationwide was 107.46 million square meters, down 5.1% year on year, 7.8 percentage points lower than that of the previous year; The sales volume of new commercial housing was 1025.9 billion yuan, down 2.6%, or 14.5 percentage points. In terms of industries, investment in the primary industry increased by 12.2% year on year, that in the secondary industry by 11.4%, and that in the tertiary industry by 0.7%. Private investment was flat on a year-on-year basis; Excluding real estate development investment, private investment increased by 6.0%. Investment in high-tech industry increased 9.7% year on year, including 66.4%, 31.9%, 31.6% and 27.1% respectively in information service industry, e-commerce service industry, computer and office equipment manufacturing industry, aerospace and equipment manufacturing industry. On a month on month basis, fixed asset investment (excluding farmers) in February increased by 0.49% over the previous month.

　　 5、 The import and export of goods were basically stable, and the trade structure continued to be optimized

In January and February, the total import and export of goods was 6536.4 billion yuan, down 1.2% year on year. Among them, the export was 3881.2 billion yuan, up 3.4%; Import was 2655.1 billion yuan, down 7.3%. The import and export of private enterprises increased by 2.0%, accounting for 56.4% of the total import and export volume, 1.8 percentage points higher than the same period last year. The export of mechanical and electrical products increased by 5.4%, accounting for 60.0% of the total export.

6、 The employment situation is generally stable, and the urban survey unemployment rate is stable

　 In January and February, the average unemployment rate of the national urban survey was 5.3%. In February, the national urban unemployment rate was 5.4%, 0.2 percentage points higher than the previous month. The unemployment rate of local registered labor force survey is 5.6%; The unemployment rate of migrant registered labor force is 5.0%, of which the unemployment rate of migrant agricultural registered labor force is 5.1%. The unemployment rate in 31 large cities and towns was 5.2%. The average weekly working hours of enterprise employees nationwide are 47.1 hours.

7、 Consumer prices fell year on year, and the decline of industrial producer prices narrowed

In January and February, the national consumer price (CPI) fell by 0.1% year on year, with an increase of 0.5% in January and a decrease of 0.7% in February. By category, in January and February, the prices of food, tobacco and alcohol fell 0.7% year on year, the prices of clothing rose 1.1%, the prices of housing rose 0.1%, the prices of daily necessities and services fell 0.9%, the prices of transportation and communication fell 1.6%, the prices of education, culture and entertainment rose 0.6%, the prices of medical care rose 0.4%, and the prices of other supplies and services rose 5.9%. Among the food, tobacco and wine prices, the price of fresh vegetables dropped by 5.5%, the price of grain dropped by 1.4%, the price of fresh fruits dropped by 0.6%, and the price of pork rose by 8.8%. After deducting food and energy prices, the core CPI rose 0.3% year on year. On a month on month basis, the national consumer price rose 0.7% in January and fell 0.2% in February.  

In January and February, the ex factory price of industrial producers nationwide dropped by 2.2% year on year. On a monthly basis, January saw a year-on-year decline of 2.3% and a month on month decline of 0.2%; In February, the year-on-year decrease was 2.2%, 0.1 percentage point lower than that of the previous month, and 0.1% lower than that of the previous month. In January and February, the purchase price of national industrial producers fell 2.3% year on year.

In general, in January and February, as various macro policies continued to work effectively, the national economy continued to move towards a new positive trend, and the quality of development steadily improved. However, it should also be noted that the external environment is becoming more complex and severe, the effective domestic demand is insufficient, some enterprises have difficulties in production and operation, and the foundation for the sustained recovery of the economy is still not stable. In the next stage, we should 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, adhere to the general tone of seeking progress while maintaining stability, fully and accurately implement the new development concept, accelerate the construction of a new development pattern, solidly promote high-quality development, and implement more proactive and promising macro policies, We will expand domestic demand in an all-round way, further deepen reform and opening up, and focus on enhancing momentum, stimulating vitality, and improving expectations, so as to promote a sustained recovery of the economy.

(Source: Statistics WeChat)