National economy in May: High-tech manufacturing industry grew rapidly, and investment in high-tech industries increased well.
Cctv news: On June 14th, the State Council held a press conference on the operation of the national economy in May. Fu Linghui, spokesperson of the National Bureau of Statistics, introduced the operation of the national economy in May 2019 and answered questions from reporters. It is reported that this is also the first time that Director Fu has met with reporters.
Fu Linghui introduced at the meeting that in May, the national economy continued to operate in a reasonable range, continuing the overall stable, steady and progressive development trend.
First, the service industry continued to grow, and the emerging service industry developed in depth.
In May, the national service industry production index increased by 7.0% year-on-year, and the growth rate dropped by 0.4 percentage points from the previous month. From January to May, the national service industry production index increased by 7.3% year-on-year, 0.1 percentage point lower than that in January-April, and the same as that in January-February. In May, information transmission, software and information technology services, leasing and business services increased by 22.2% and 8.4% respectively year-on-year, and the growth rate was faster than the national service industry production index by 15.2 and 1.4 percentage points respectively. The business activity index of service industry was 53.5%, up 0.2 percentage points from last month, and remained above threshold. The business activity indexes of railway transportation, air transportation, postal service, accommodation, telecommunications, broadcasting, television and satellite transmission services, and Internet software and information technology services are all in the higher boom zone of more than 60.0%. The expected index of service business activities is 59.5%, which is at a high level.
Second, industrial production has increased steadily, and high-tech manufacturing has grown rapidly.
In May, the added value of industrial enterprises above designated size increased by 5.0% year-on-year, and the growth rate dropped by 0.4 percentage points from last month. From January to May, the added value of industrial enterprises above designated size increased by 6.0% year-on-year, and the growth rate dropped by 0.2 percentage points from January to April. In terms of economic types, in May, 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 from Hong Kong, Macao and Taiwan decreased by 0.3%. In terms of three categories, the added value of mining industry increased by 3.9% year-on-year, manufacturing industry increased by 5.0%, and electricity, heat, gas and water production and supply industries increased by 5.9%. The added value of high-tech manufacturing increased by 9.4% year-on-year, 4.4 percentage points faster than that of industries above designated size; The output of new energy vehicles and solar cells increased by 16.0% and 9.9% respectively. In May, the manufacturing purchasing managers index (PMI) sub-index, the production index and supplier delivery time index were 51.7% and 50.9%, respectively, both above the critical point.
Third, the growth rate of market sales accelerated, and the proportion of online retail continued to increase.
In May, the total retail sales of social consumer goods was 3,295.6 billion yuan, up 8.6% year-on-year, and the growth rate was 1.4 percentage points higher than that of last month. According to the location of business units, the retail sales of urban consumer goods was 2,830.4 billion yuan, an increase of 8.5% year-on-year; The retail sales of rural consumer goods reached 465.2 billion yuan, up by 9.0%. According to consumption types, catering revenue was 363.1 billion yuan, an increase of 9.4%; Retail sales of commodities reached 2,932.4 billion yuan, an increase of 8.5%. The retail sales of cosmetics, beverages, daily necessities, Chinese and western medicines above designated size increased by 16.7%, 12.7%, 11.4% and 11.2% respectively, which was 8.1, 4.1, 2.8 and 2.6 percentage points faster than the total retail sales of social consumer goods respectively.
From January to May, the total retail sales of social consumer goods reached 16,133.2 billion yuan, up 8.1% year-on-year, and the growth rate was 0.1 percentage point faster than that in January-April. The national online retail sales reached 3,864.1 billion yuan, up 17.8% year-on-year, and the growth rate was the same as that in January-April, 2.5 percentage points faster than that in January-March. Among them, the online retail sales of physical goods was 3,041.5 billion yuan, up 21.7%, accounting for 18.9% of the total retail sales of social consumer goods, up 0.3 and 0.7 percentage points respectively from January to April and January to March, and up 2.3 percentage points from the same period of last year.
4. Investment maintained growth, and investment in high-tech industries grew well.
From January to May, the national investment in fixed assets (excluding farmers) was 21,755.5 billion yuan, up 5.6% year-on-year, and the growth rate was 0.5 percentage points lower than that in January-April. Among them, private investment was 13,082.3 billion yuan, an increase of 5.3%. In terms of industries, investment in the primary industry decreased by 2.3% year-on-year; Investment in the secondary industry increased by 3.2%, of which investment in manufacturing industry increased by 2.7%, 0.2 percentage points faster than that in January-April; Investment in the tertiary industry increased by 7.1%, of which infrastructure investment increased by 4.0%. Investment in high-tech industries grew rapidly. Investment in high-tech manufacturing and high-tech service industries increased by 10.2% and 15.6% respectively year-on-year, and the growth rate was 4.6 and 10.0 percentage points faster than the total investment. From January to May, the national investment in real estate development was 4,607.5 billion yuan, up by 11.2% year-on-year. The growth rate dropped by 0.7 percentage points from January to April and accelerated by 1.7 percentage points over the previous year. The national commercial housing sales area was 555.18 million square meters, down 1.6% year-on-year; The national sales of commercial housing reached 5,177.3 billion yuan, up 6.1% year-on-year.
V. The employment situation is generally stable, and the survey unemployment rate is flat.
From January to May, 5.97 million new jobs were created in cities and towns nationwide, accounting for 54% of the annual plan. In May, the national urban survey unemployment rate was 5.0%, the same as last month. Among them, the survey unemployment rate of the population aged 25-59 was 4.5%, which was 0.2 percentage points lower than that of the previous month and dropped for three consecutive months. The survey unemployment rate in 31 big cities and towns was 5.0%, which was the same as last month. The average weekly working hours of employees in enterprises nationwide were 46.3 hours, an increase of 0.5 hours year-on-year.
Six, the consumer price rose moderately, and the price increase of industrial producers fell back.
In May, the national consumer price rose by 2.7% year-on-year, an increase of 0.2 percentage points over the previous month, which was the same as the previous month. By category, the prices of food, tobacco and alcohol rose by 5.8%, clothing by 1.7%, housing by 1.8%, daily necessities and services by 1.0%, transportation and communication by 0.9%, education, culture and entertainment by 2.6%, medical care by 2.5% and other goods and services by 2.1%. After deducting food and energy prices, the core CPI rose by 1.6%, down 0.1 percentage point from last month. From January to May, the national consumer price rose by 2.2% year-on-year.
In May, the ex-factory price of industrial producers nationwide rose by 0.6% year-on-year, down by 0.3 percentage points from the previous month and up by 0.2% from the previous month. The purchase price of industrial producers nationwide rose by 0.2% year-on-year, which was flat from the previous month. From January to May, the ex-factory price and the purchase price of national industrial producers rose by 0.4% and 0.2% respectively.
7. Exports maintained rapid growth and the trade structure was constantly optimized.
In May, the total import and export volume was 2,592.5 billion yuan, a year-on-year increase of 2.9%. Among them, exports were 1,435.8 billion yuan, an increase of 7.7%; Imports reached 1,156.7 billion yuan, down 2.5%. Import and export balance, trade surplus of 279.1 billion yuan, an increase of 89.8%. From January to May, the total import and export volume was 12,104.1 billion yuan, a year-on-year increase of 4.1%. Among them, exports were 6,498.7 billion yuan, an increase of 6.1%; Imports reached 5,605.3 billion yuan, up by 1.8%. The structure of trade mode was further optimized. From January to May, the import and export of general trade increased by 6.1% year-on-year, accounting for 59.9% of the total import and export, up by 1.1 percentage points over the same period of last year. The import and export of private enterprises increased by 11.1%, accounting for 41.4% of the total import and export, an increase of 2.6 percentage points over the same period of last year. From January to May, industrial enterprises above designated size achieved a export delivery value of 4,763.4 billion yuan, a year-on-year increase of 4.4%.
8. Deepening structural reform on the supply side and improving the efficiency of service enterprises.
At the end of April, the asset-liability ratio of industrial enterprises above designated size was 56.8%, down 0.5 percentage points year-on-year. Commercial housing inventory decreased. At the end of May, the area of commercial housing for sale in China was 509.28 million square meters, down 9.1% year-on-year, down 4.53 million square meters from the end of April. The unit cost of enterprises is lower than that at the beginning of the year. Investment in the short-board sector has increased. From January to May, the investment in ecological protection, environmental management and education increased by 41.5% and 15.4% respectively, which was 35.9 and 9.8 percentage points faster than the total investment.
From January to April, the operating income of service enterprises above designated size increased by 9.8% year-on-year, among which the strategic emerging service industry, science and technology service industry and high-tech service industry increased by 12.1%, 11.9% and 11.9% respectively, which were 2.3, 2.1 and 2.1 percentage points faster than all service industries above designated size. The operating profit of service enterprises above designated size increased by 9.2% year-on-year, and the growth rate was 0.8 percentage points higher than that of the same period of last year. From January to April, the operating income of industrial enterprises above designated size increased by 5.1% year-on-year, and the total profit decreased by 3.4% year-on-year. From January to April, the profit rate of operating income of industrial enterprises above designated size was 5.52%, 0.21 percentage points higher than that in January-March.
Fu Linghui said that, on the whole, the national economy in May was generally stable, steady and progressing, and continued to operate in a reasonable range. At present, the external environment is unstable and uncertain, the problem of insufficient domestic development imbalance is still outstanding, and the foundation of sustained and healthy economic development needs to be consolidated.