1、 Industrial production turned from decline to increase, and the equipment manufacturing industry rebounded significantly
In May, the added value of industries above designated size increased by 0.7% year-on-year, and decreased by 2.9% in April; The month on month growth was 5.61%. In terms of three categories, the added value of the mining industry increased by 7.0% year-on-year, the manufacturing industry increased by 0.1%, and the production and supply of electricity, heat, gas and water increased by 0.2%.
The added value of equipment manufacturing industry increased by 1.1% year-on-year, and decreased by 8.1% in April. In terms of economic types, the added value of state-owned holding enterprises increased by 0.7% year-on-year; Joint stock enterprises increased by 2.3%, while foreign-invested enterprises and enterprises from Hong Kong, Macao and Taiwan decreased by 5.4%; Private enterprises increased by 1.1%. By product, the output of new energy vehicles, solar cells and other green intelligent products increased by 108.3% and 31.4% respectively year-on-year. From January to may, the added value of industries above designated size increased by 3.3% year-on-year. In May, the manufacturing purchasing managers' index was 49.6%, up 2.2 percentage points from the previous month; The expected index of enterprise production and operation activities is 53.9%. From January to April, industrial enterprises above Designated Size achieved a total profit of 2658.2 billion yuan, an increase of 3.5% year-on-year.
2、 The decline in the production index of the service industry narrowed, and the modern service industry maintained growth
In May, the national service industry production index fell by 5.1% year-on-year, 1.0 percentage points lower than that of the previous month. Among them, the production indexes of information transmission, software, information technology services and financial industry increased by 8.0% and 5.5% respectively. From January to may, the national service industry production index fell by 0.7% year-on-year. From January to April, the operating income of service enterprises above designated size increased by 4.2% year-on-year; Among them, information transmission, software and information technology services, health and social work increased by 8.8% and 6.6% respectively. In May, the business activity index of the service industry was 47.1%, up 7.1 percentage points from the previous month. Among them, the business activity indexes of railway transportation, air transportation, postal service, telecommunications, radio and television, satellite transmission services and other industries are in the higher boom range of more than 55.0%. From the perspective of market expectations, the expected index of business activities in the service industry was 55.2%, up 2.2 percentage points from the previous month.
3、 Market sales recovered, and sales of basic living goods and online retail continued to grow
In May, the total retail sales of social consumer goods reached 3354.7 billion yuan, a year-on-year decrease of 6.7%, 4.4 percentage points lower than that of the previous month; The month on month growth was 0.05%. According to the location of business units, the retail sales of urban consumer goods reached 2920.5 billion yuan, a year-on-year decrease of 6.7%; The retail sales of rural consumer goods reached 434.2 billion yuan, down 6.3 percent. By type of consumption, retail sales of goods reached 3053.5 billion yuan, down 5.0 percent; Catering revenue was 301.2 billion yuan, down 21.1%. Basic living consumption grew steadily. The retail sales of grain, oil, food and beverage commodities of units above the designated size increased by 12.3% and 7.7% respectively. From January to may, the total retail sales of social consumer goods reached 17168.9 billion yuan, a year-on-year decrease of 1.5%. The national online retail sales reached 4960.4 billion yuan, up 2.9 percent. Among them, the online retail sales of physical goods reached 4271.8 billion yuan, an increase of 5.6%; It accounted for 24.9% of the total retail sales of consumer goods, 1.1 percentage points higher than that from January to April.
4、 Investment in fixed assets grew steadily, and investment in high-tech industries grew rapidly
From January to may, the national fixed asset investment (excluding farmers) reached 20596.4 billion yuan, a year-on-year increase of 6.2%; The month on month growth in May was 0.72%. From January to may, infrastructure investment increased by 6.7%, manufacturing investment increased by 10.6%, and real estate development investment decreased by 4.0%. The sales area of commercial housing nationwide was 507.38 million square meters, a year-on-year decrease of 23.6%; The sales volume of commercial housing was 4833.7 billion yuan, down 31.5%.
By industry, the investment in the primary industry increased by 5.8% year-on-year, the investment in the secondary industry increased by 11.0% and the investment in the tertiary industry increased by 4.1%. Private investment increased by 4.1%. Investment in high-tech industries increased by 20.5%, of which investment in high-tech manufacturing and high-tech services increased by 24.9% and 10.8% respectively. In the high-tech manufacturing industry, the investment in medical equipment and instrument manufacturing, electronic and communication equipment manufacturing increased by 30.4% and 29.3% respectively; In the high-tech service industry, the investment in R & D and design services and the transformation of scientific and technological achievements increased by 20.1% and 14.9% respectively. Investment in the social sector increased by 12.9%, of which investment in health and education increased by 27.8% and 9.0% respectively.
5、 The growth of goods import and export accelerated, and the trade structure continued to improve
In May, the total import and export of goods was 3450 billion yuan, a year-on-year increase of 9.6%, and the growth rate was 9.5 percentage points faster than that of the previous month. Among them, the export was 1976.5 billion yuan, an increase of 15.3%, accelerating by 13.4 percentage points; Imports reached 1473.6 billion yuan, up 2.8%, down 2.0% last month. Import and export offset each other, resulting in a trade surplus of 502.9 billion yuan. From January to may, the total import and export of goods reached 16037.4 billion yuan, an increase of 8.3% year on year. Among them, the export was 8943.7 billion yuan, an increase of 11.4%; Imports reached 7093.7 billion yuan, up 4.7 percent. From January to may, the import and export of general trade accounted for 64% of the total import and export, an increase of 2.1 percentage points over the same period last year. The import and export of private enterprises accounted for 49% of the total import and export, an increase of 1.5 percentage points over the same period last year. The export of mechanical and electrical products increased by 7% year on year, accounting for 57.2% of the total export.
6、 The unemployment rate in urban surveys has declined
From January to may, 5.29 million new urban jobs were created nationwide. In May, the national urban survey unemployment rate was 5.9%, down 0.2 percentage points from the previous month. The unemployment rate of local registered residence population survey is 5.5%; The unemployment rate of migrant registered residence population survey is 6.6%, of which the unemployment rate of migrant agricultural registered residence population survey is 6.2%. The unemployment rates of 16-24 years old and 25-59 years old were 18.4% and 5.1% respectively. The unemployment rate in 31 major cities and towns was 6.9%. In May, the average weekly working hours of enterprise employees nationwide was 47.2 hours.
7、 Consumer prices remained stable, and the increase in ex factory prices of industrial producers continued to fall
In May, the national consumer price (CPI) rose by 2.1% year-on-year, the same as last month; Decreased by 0.2% month on month. By category, the prices of food, tobacco and alcohol rose by 2.1%, clothing by 0.5%, housing by 1.0%, daily necessities and services by 1.4%, transportation and communication by 6.2%, education, culture and entertainment by 1.8%, medical care by 0.7%, and other supplies and services by 1.8%. Among the food, tobacco and alcohol prices, the price of pork decreased by 21.1% year-on-year, the price of grain increased by 3.2%, the price of fresh vegetables increased by 11.6% and the price of fresh fruits increased by 19.0%. After deducting food and energy prices, the core CPI rose by 0.9% year-on-year, unchanged from the previous month. From January to may, the national consumer price rose by 1.5% year-on-year.
In May, the ex factory prices of industrial producers nationwide rose by 6.4% year-on-year, down 1.6 percentage points from the previous month; Up 0.1% month on month. The purchase price of industrial producers rose by 9.1% year-on-year, down 1.7 percentage points from the previous month; Up 0.5% month on month. From January to may, the ex factory prices of industrial producers and the purchase prices of industrial producers rose by 8.1% and 10.8% respectively year-on-year.
On the whole, in May, China's economy gradually overcame the adverse effects of the epidemic, the marginal improvement of main indicators, and the economy showed a good momentum of recovery. However, it should also be noted that the international environment is becoming more complex and severe, and domestic economic recovery still faces many difficulties and challenges.
