National Statistics: In July, The National Economy Was Running Smoothly And Steadily

In July, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at the core, all regions and departments conscientiously implemented the decisions and arrangements of the CPC Central Committee and the State Council, adhered to the general tone of seeking progress while maintaining stability, fully implemented the new development concept, strengthened macro-control, effectively responded to risks and challenges, and the overall economic operation was stable and progressive, and production demand continued to recover, Employment prices were generally stable, new driving forces continued to grow, and high-quality development was solidly promoted.

1、 The industry has maintained rapid growth, and the equipment manufacturing industry and high-tech manufacturing industry have accelerated growth

In July, the added value of industries above designated size nationwide increased by 5.1% year on year, 0.2 percentage points lower than that of the previous month; The month on month growth was 0.35%. In terms of three categories, the added value of the mining industry increased by 4.6% year on year, the manufacturing industry increased by 5.3%, and the production and supply of electricity, heat, gas and water increased by 4.0%. The added value of equipment manufacturing industry increased by 7.3%, and the added value of high-tech manufacturing industry increased by 10.0%, 0.4 and 1.2 percentage points higher than that of last month respectively. By economic type, the added value of state-owned holding enterprises increased by 3.5% year on year; Joint stock enterprises increased by 5.4%, and foreign invested enterprises, Hong Kong, Macao and Taiwan invested enterprises increased by 4.2%; Private enterprises grew by 5.2%. By product, the output of new energy vehicles, integrated circuits and 3D printing equipment increased by 27.8%, 26.9% and 25.3% year on year respectively. From January to July, the added value of industries above designated size increased by 5.9% year on year. In July, the purchasing managers' index of manufacturing industry was 49.4%, and the expected index of enterprise production and operation activities was 53.1%. From January to June, the total profit of industrial enterprises above designated size nationwide reached 3511 billion yuan, up 3.5% year on year.

2、 The service industry continued to recover and the modern service industry developed well

In July, the national service industry production index increased by 4.8% year on year, 0.1 percentage points faster than the previous month. In terms of industries, the production index of information transmission, software and information technology services, leasing and business services, transportation, warehousing and postal services, and financial industry increased by 12.6%, 9.0%, 5.3%, and 5.1% year on year, respectively, faster than the service industry production index of 7.8, 4.2, 0.5, and 0.3 percentage points. From January to July, the national service industry production index increased by 4.9% year on year. From January to June, the operating revenue of service enterprises above designated size increased by 7.2% year on year. In July, the business activity index of the service industry was 50.0%; The expected index of service business activities is 56.6%. Among them, the business activity index of railway transportation, air transportation, postal service, telecommunications, radio and television and satellite transmission services, culture, sports and entertainment and other industries is in a high boom zone of more than 55.0%.

3、 The growth rate of market sales picked up, and the sales of upgrading commodities grew rapidly

In July, the total retail sales of consumer goods reached 3775.7 billion yuan, up 2.7% year on year, 0.7 percentage points faster than that of the previous month; The month on month growth was 0.35%. By the location of the business unit, the retail sales of urban consumer goods reached 3269.1 billion yuan, up 2.4% year on year; The retail sales of rural consumer goods reached 506.6 billion yuan, up 4.6%. By consumption type, the retail sales of goods were 3335.4 billion yuan, up 2.7%; Catering revenue was 440.3 billion yuan, up 3.0%. The sales of basic living commodities were relatively good, and the retail sales of grain, oil, food and beverage commodities above the designated size increased by 9.9% and 6.1% respectively. The sales of some upgraded commodities grew rapidly, and the retail sales of communication equipment and sports and entertainment commodities of units above the designated size increased by 12.7% and 10.7% respectively. From January to July, the total retail sales of consumer goods reached 27372.6 billion yuan, up 3.5% year on year. The national online retail sales reached 8378.4 billion yuan, up 9.5% year on year. Among them, the online retail sales of physical goods reached 7009.3 billion yuan, up 8.7%, accounting for 25.6% of the total retail sales of consumer goods. From January to July, the retail sales of services increased by 7.2% year on year.

4、 The scale of investment in fixed assets has expanded, and investment in high-tech industries has grown rapidly

From January to July, the national fixed asset investment (excluding farmers) was 2876.11 billion yuan, up 3.6% year on year, 0.3 percentage point lower than that from January to June; After deducting the investment in real estate development, the national investment in fixed assets increased by 8.0%. In terms of sectors, infrastructure investment increased by 4.9% year on year, manufacturing investment increased by 9.3%, and real estate development investment decreased by 10.2%. The sales area of newly built commercial housing nationwide was 541.49 million square meters, down 18.6% year on year; The sales volume of new commercial housing was 5333 billion yuan, down 24.3%. In terms of industries, the investment in the primary industry increased by 3.3% year on year, the investment in the secondary industry increased by 12.5%, and the investment in the tertiary industry decreased by 0.7%. Private investment was flat on a year-on-year basis; Excluding real estate development investment, private investment increased by 6.5%. Investment in high-tech industries increased by 10.4% year on year, of which investment in high-tech manufacturing and high-tech service industries increased by 9.7% and 11.9% respectively. Among high-tech manufacturing industries, investment in aviation, spacecraft and equipment manufacturing, and computer and office equipment manufacturing increased by 37.7% and 10.8% respectively; In high-tech service industry, investment in professional and technical service industry and e-commerce service industry increased by 25.4% and 17.9% respectively. In July, fixed asset investment (excluding farmers) fell 0.17% month on month.

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

In July, the total import and export of goods was 3675.8 billion yuan, up 6.5% year on year, 0.7 percentage points faster than the previous month. Among them, the export was 2138.9 billion yuan, up 6.5%; Imports reached 1536.9 billion yuan, up 6.6%. Import and export balance, trade surplus 601.9 billion yuan. From January to July, the total import and export of goods was 24833.5 billion yuan, up 6.2%. Among them, exports reached 14257.3 billion yuan, up 6.7%; Import reached 10576.2 billion yuan, up 5.4%. From January to July, the import and export of general trade increased by 4.9%, accounting for 64.7% of the total import and export volume. The import and export of private enterprises increased by 10.9%, accounting for 55.1% of the total import and export volume, 2.3 percentage points higher than the same period last year. The export of mechanical and electrical products increased by 8.3%, accounting for 59.0% of the total export.

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

From January to July, the average unemployment rate of the national urban survey was 5.1%, 0.2 percentage points lower than the same period of the previous year. In July, the national urban survey unemployment rate was 5.2%, 0.2 percentage points higher than that of the previous month, and 0.1 percentage points lower than that of the same month last year. The unemployment rate of local registered labor force survey is 5.2%; The unemployment rate of migrant registered labor force is 5.1%, of which the unemployment rate of migrant agricultural registered labor force is 4.9%. The unemployment rate in cities and towns of 31 major cities was 5.3%, up 0.4 percentage points over the previous month and down 0.1 percentage points over the same month of the previous year. The average weekly working hours of enterprise employees nationwide are 48.7 hours.

7、 Consumer prices picked up moderately, and industrial producer prices continued to decline

In July, the national consumer price (CPI) rose 0.5% year on year, 0.3 percentage points higher than that of the previous month; It rose 0.5% month on month. By category, the prices of food, tobacco and alcohol increased by 0.2% year on year, clothing by 1.5%, housing by 0.1%, daily necessities and services by 0.7%, transportation and communication by 0.6%, education, culture and entertainment by 1.7%, medical care by 1.4%, and other supplies and services by 4.0%. Among the food, tobacco and wine prices, the price of fresh fruit dropped by 4.2%, the price of grain rose by 0.1%, the price of fresh vegetables rose by 3.3%, and the price of pork rose by 20.4%. After deducting food and energy prices, the core CPI rose 0.4% year on year. From January to July, the national consumer price rose 0.2% year on year.

In July, the ex factory prices of industrial producers across the country fell by 0.8% year on year and 0.2% month on month; The purchase price of industrial producers nationwide declined by 0.1% year on year and month on month. From January to July, the factory price and purchase price of industrial producers in China fell by 2.0% and 2.2% respectively year on year.

On the whole, in July, the overall economic operation was stable and improved, and high-quality development was steadily promoted. However, it should also be noted that the adverse effects of the current changes in the external environment are increasing, the effective domestic demand is still insufficient, there is pain in the transformation of new and old drivers of energy, and the economy continues to recover and improve, still facing many difficulties and challenges. 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 20th CPC National Congress and the Second and Third Plenary Sessions of the 20th CPC Central Committee, adhere to the general tone of seeking progress while maintaining stability, fully implement the new development concept, accelerate the construction of a new development pattern, develop new quality productivity according to local conditions, and strive to promote high-quality development, We will further deepen reform in an all-round way around the promotion of Chinese style modernization, increase macro-control efforts, implement detailed policies and measures, and consolidate the foundation for a sustained recovery of the economy.

note appended

(1) The added value of industries above designated size and the growth rate of their classified projects are calculated at comparable prices, which is the actual growth rate; Unless otherwise specified, other indicators are calculated at current prices and are nominal growth rates.

(2) The statistical scope of industries above designated size includes industrial enterprises with annual main business income of 20 million yuan and above.

As the scope of industrial enterprises above designated size changes every year, in order to ensure that the data of this year is comparable with that of last year, the number of the same period used to calculate the year-on-year growth rate of various indicators such as product output is as consistent as possible with the statistical scope of enterprises in this period, and there is a difference in caliber with the data published last year. Main reasons: First, the range of statistical units has changed. Every year, some enterprises reach the scale and are included in the scope of investigation, while some enterprises withdraw from the scope of investigation due to smaller scale, as well as the impact of newly built enterprises, bankruptcy, injection (suspension) and sales enterprises. Second, the product output data of some enterprise groups (companies) has the phenomenon of cross regional duplicate statistics. According to the special survey, the cross regional duplicate output of enterprise groups (companies) has been eliminated.

(3) The service industry production index refers to the output change of the service industry in the reporting period relative to the base period after excluding the price factor.

(4) The statistical scope of total retail sales of social consumer goods covers corporate enterprises, industrial activity units and self-employed individuals engaged in retail activities or providing catering services. Among them, units above the designated size refer to wholesale enterprises (units, self-employed enterprises) with annual main business income of 20 million yuan and above, retail enterprises (units, self-employed enterprises) with annual main business income of 5 million yuan and above, and accommodation and catering enterprises (units, self-employed enterprises) with annual main business income of 2 million yuan and above.

Since the scope of wholesale and retail enterprises above the designated size, accommodation and catering enterprises (units, self-employed households) changes every year, in order to ensure that the data of this year is comparable with that of the previous year, the number of the same period used to calculate the year-on-year growth rate of various indicators such as retail sales of consumer goods per unit above the designated size is consistent with the statistical scope of enterprises (units, self-employed households) in this period, There is a difference in caliber from the data published last year. The main reason is that every year, some enterprises (units and self-employed enterprises) are included in the scope of investigation when they reach the quota standard, while some enterprises (units and self-employed enterprises) withdraw from the scope of investigation because they cannot reach the quota standard due to their smaller scale, as well as the impact of newly opened enterprises, bankruptcy, and registered (suspended) enterprises (units and self-employed enterprises).

Online retail sales refer to the sum of retail sales of goods and services realized through public online trading platforms (including self built websites and third-party platforms). Goods and services include physical goods and non physical goods (such as virtual goods, service goods, etc.).

Total retail sales of consumer goods include online retail sales of physical goods, excluding online retail sales of non physical goods.

(5) The retail sales volume of services refers to the total value of services directly provided by enterprises (industrial activity units, self-employed households) to individuals and other units for non production and non business purposes in the form of transactions. It is intended to reflect the value of services sold by service providers in monetary form that belong to consumption, including transportation, accommodation, catering, education, health, sports Retail sales of service activities in entertainment and other fields.

(6) The growth rate of fixed asset investment is calculated on a comparable basis.

(7) The import and export data are from the General Administration of Customs.

(8) Employed personnel refer to those who are 16 years old and above, have the ability to work, and are engaged in certain social labor for the purpose of obtaining labor remuneration or operating income.

(9) Some data are not equal to the total due to rounding.

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