Home » In October, the company zero increased by 4.9% year-on-year, 0.5 percentage points faster than the previous month, and the growth rate of industrial added value has rebounded slightly_Consumer Products

In October, the company zero increased by 4.9% year-on-year, 0.5 percentage points faster than the previous month, and the growth rate of industrial added value has rebounded slightly_Consumer Products

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Original title: In October, the company zero increased by 4.9% year-on-year, 0.5 percentage points faster than last month. The growth rate of industrial added value has rebounded slightly.

Every reporter: Li Keyu Every editor: Chen Xing

On November 15, the National Bureau of Statistics announced that in October, the total retail sales of consumer goods was 4,045.4 billion yuan, a year-on-year increase of 4.9%, an increase of 0.5 percentage points from the previous month; Speeded up by 0.4 percentage points; from January to October, the national fixed asset investment (excluding rural households) was 4,45823 trillion yuan, a year-on-year increase of 6.1%.

The “Daily Business News” reporter noticed that both the zero year-on-year growth rate of the society and the growth rate of the industrial added value of the regulation have increased compared with September. Previously, the market predicted that the economic data in October may continue to decline, but many of the data released this time exceeded expectations.

Regarding the economic performance in October,Fu Linghui, spokesperson of the National Bureau of StatisticsSaid that as the results of the overall planning of epidemic prevention and control and economic and social development continue to show, the efforts to ensure supply, stabilize prices and support the development of the real economy are increasing. The main macro indicators in October are generally within a reasonable range, and structural adjustments and people’s livelihood guarantees are effective and effective. The national economy has maintained a recovery trend.

Strong consumption benefited from factors such as the National Day holiday

The “Daily Business News” reporter noticed that in October this year, the spread of epidemics occurred in many places in my country. In this context, the market is generally not optimistic about the consumption performance of the month. However, the final data released exceeded market expectations.

Data show that in October, the total retail sales of consumer goods was 4,045.4 billion yuan, an increase of 4.9% year-on-year, 0.5 percentage points faster than the previous month; an average increase of 4.6% over the two years, 0.8 percentage points faster than the previous month; an increase of 0.43% month-on-month.

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Image source: National Bureau of Statistics

Why was consumption stronger than expected in October? In this regard,Li Qilin, Chief Economist of Hongta SecuritiesTo the reporter of “Daily Economic News”, onceBenefiting from factors such as the National Day holiday, October has always been the peak season for domestic consumption, and consumption has picked up seasonally; Secondly, it may be related to price increases. From the breakdown of data, the petroleum and products category increased by 29.3% year-on-year in October. The absolute increase in the consumption of petroleum products should be attributed to a large part of the price.

Regarding the consumption data in October, at a press conference of the State Council Information Office held on the 15th, Fu Linghui said that the data showed that the intrinsic motivation for consumption was relatively sufficient. The market supply capacity is strong, and the basic living consumption of residents is guaranteed. In October, the retail sales of grain, oil, food, and beverage commodities above designated size increased by 9.9% and 8.8% year-on-year respectively, both maintaining rapid growth.

At the same time, the living standards of residents have improved, and the development of upgraded consumption is improving. In October, the retail sales of communication equipment and cultural and office supplies in units above designated size increased by 34.8% and 11.5% respectively year-on-year.

Fu Linghui also emphasized that although the contact service industry is constrained by the epidemic, it is recovering. Residents’ enthusiasm for commodity consumption is unabated, and the “Double 11” pre-sale is also conducive to the growth of the wholesale and retail industry in October. In October, the production index of the wholesale and retail industry increased by an average of 4% in two years, an increase of 0.7 percentage points from the previous month.

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The growth rate of industrial production rebounded in October

Consumption exceeded expectations, and industrial production data also rebounded.

Data show that in October, the value added of the industrial enterprises above designated size increased by 3.5% year-on-year in real terms, and 10.6% year-on-year, with an average growth rate of 5.2% over the two years. From a month-on-month perspective, in October, the added value of industries above designated size increased by 0.39% over the previous month.

Image source: National Bureau of Statistics

Yangtze River Source, Deputy Director, Department of Industry, National Bureau of StatisticsAccording to this interpretation,With the vigorous advancement of the national energy supply and price stabilization policy, the growth rate of industrial production rebounded in October.From the perspective of the three major categories, the growth rates of the mining and electrical and water production and supply industries have all accelerated compared to September, and the high-tech, equipment, and consumer goods industries in the manufacturing industry have rebounded to varying degrees.

In terms of categories, mining, electricity, heat, gas, and water production and supply industries benefited from the energy guarantee policy and the accelerated release of high-quality coal production capacity. The added value increased by 6.0% and 11.1%, respectively, an increase of 2.8 and 1.4 from the previous month. Percentage points.

andYang Chang, Chief Economist, Institute of Public Policy and Governance, Shanghai University of Finance and EconomicsAccording to the analysis of the “Daily Business News” reporter, the data showed that industrial production has stabilized in the short term. Specifically, according to the month-on-month growth rate after the conversion of the cumulative value of key products, the more obvious speed-ups include wind power, power generation equipment, automobiles, and new energy vehicles.

Investment in high-tech manufacturing increased by an average of 16.5% in two years

In terms of investment, data show that from January to October, the national investment in fixed assets (excluding rural households) was 4,45823 trillion yuan, an increase of 6.1% year-on-year.

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Image source: National Bureau of Statistics

Luo Yifei, Chief Statistician, Investment Department, National Bureau of StatisticsAccording to the interpretation, in October, the national fixed asset investment has slowed down year-on-year due to factors such as rising base numbers, the spread of the epidemic, and tight energy supply, but the two-year average still maintained a steady growth trend.

Regarding the highlights of investment data, Fu Linghui pointed out at the press conference that from the perspective of investment, industrial upgrading and development, increased investment in people’s livelihood, and the start of construction of major projects during the 14th Five-Year Plan are all conducive to supporting investment growth.

In the first 10 months, manufacturing investment increased by an average of 3.8% in two years, 0.5 percentage points faster than that from January to September. Among them, high-tech manufacturing investment increased by 16.5% on average in two years.At the same time, encouraging and guiding private capital to participate in project construction is also conducive to expanding the scale of investment. In the first 10 months, private investment increased by an average of 3.8% in two years, 0.1 percentage point faster than that from January to September.

“In the next stage, with the effective implementation of measures to ensure the supply and price stability of energy and bulk commodities and the rescue policies for small, medium and micro enterprises in the manufacturing industry, the vitality of market entities will be further stimulated, and the foundation for steady investment growth will be further consolidated.” Luo Yifei said.

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