In October, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core, all departments in various regions earnestly studied and implemented the spirit of the 20th CPC National Congress, resolutely implemented the decisions and plans of the CPC Central Committee and the State Council, in accordance with the requirements of preventing the epidemic situation, stabilizing the economy and developing safely, We have effectively coordinated the prevention and control of the epidemic situation and economic and social development, strengthened the implementation of various measures to stabilize the economy, continued to recover the momentum of the national economy, steadily increased industrial investment, stabilized employment prices, increased new energy savings, strong and effective livelihood Protection, and overall economic and social stability.
1、 Industrial production continued to grow, and the growth of high-tech manufacturing industry accelerated
From January to October, the added value of industries above designated size increased by 4.0% year on year, 0.1 percentage point faster than that from January to September. Divided into three categories, the added value of mining industry increased by 7.9%, manufacturing industry increased by 3.4%, and power, heat, gas and water production and supply industry increased by 5.5%. The added value of high-tech manufacturing industry increased by 8.7% year-on-year, 0.2 percentage points faster than that in January September. In terms of economic types, the added value of state-owned holding enterprises increased by 3.7% year-on-year; Joint stock enterprises increased by 5.0%, and foreign-funded enterprises and enterprises invested by Hong Kong, Macao and Taiwan increased by 0.1%; Private enterprises grew by 3.4%. In terms of products, the output of new energy vehicles, solar cells, mobile communication base station equipment and other green intelligent products increased by 108.4%, 35.6% and 19.3% respectively year-on-year. In October, the added value of industries above designated size increased by 5.0% year-on-year, 0.2 percentage points faster than that in the third quarter; 33% month on month. Among them, the added value of mining industry increased by 4.0% year-on-year, the manufacturing industry increased by 5.2%, and the production and supply industry of power, heat, gas and water increased by 4.0%. The added value of high-tech manufacturing industry increased by 10.6% year-on-year, 1.3 percentage points faster than that of the previous month. In October, the purchasing manager index of manufacturing industry was 49.2%, and the expected index of enterprise production and operation activities was 52.6%. From January to September, the total profits of Industrial Enterprises above Designated Size nationwide reached 6244.2 billion yuan, down 2.3% year on year.
2、 The service industry continued to recover, and the growth of modern service industry was better
From January to October, the national service industry production index increased by 0.1% year-on-year, which was the same as that from January to September. Among them, the production index of information transmission, software and information technology services and financial industry increased by 11.1% and 5.3% respectively. In October, the national service industry production index increased by 0.1% year-on-year. Among them, the production index of information transmission, software and information technology services, and financial industry increased by 9.2% and 6.4%, respectively, 0.7 and 1.5 percentage points higher than that of the previous month. From January to September, the operating income of service enterprises above designated size increased by 4.7% year on year; Among them, enterprises in health and social work, information transmission, software and information technology services, and scientific research and technical services increased by 8.9%, 8.0% and 7.9% respectively. In October, the business activity index of service industry was 47.0%; Among them, the business activity index of water transport, telecommunications, radio and television, satellite transmission services, monetary and financial services and other industries is in the relatively high boom range of more than 55.0%. From the perspective of market expectations, the expected index of business activities in the service industry is 56.7%.
3、 Market sales slowed down, and sales of basic commodities and online retailing grew rapidly
From January to October, the total retail sales of consumer goods totaled 36057.5 billion yuan, an increase of 0.6% year-on-year, 0.1 percentage point lower than that of January September. According to the location of business units, the retail sales of urban consumer goods reached 312649.9 billion yuan, up 0.5% year on year; Retail sales of consumer goods in rural areas reached 4792.6 billion yuan, up 0.8 percent. According to consumption types, retail sales of goods reached 32522.7 billion yuan, up 1.2% year on year; Catering revenue was 3534.8 billion yuan, down 5.0%. The basic living consumption increased steadily, and the retail sales of grain, oil, food and beverage commodities of units above the quota increased by 9.0% and 6.6% respectively. China's online retail sales reached 10954.2 billion yuan, an increase of 4.9%. Among them, the online retail sales of physical goods reached 9450.6 billion yuan, an increase of 7.2%; It accounted for 26.2% of the total retail sales of consumer goods. In October, the total retail sales of consumer goods reached 4027.1 billion yuan, down 0.5% year-on-year and 0.68% month on month. Among them, retail sales amounted to 3617.1 billion yuan, up 0.5% year on year; Catering revenue was 409.9 billion yuan, down 8.1%.
4、 Investment in fixed assets grew steadily, while investment in high-tech industries grew rapidly
From January to October, China's investment in fixed assets (excluding farmers) reached 47145.9 billion yuan, a year-on-year increase of 5.8%, down 0.1 percentage point from January to September. In terms of sectors, infrastructure investment increased by 8.7%, manufacturing investment increased by 9.7%, and real estate development investment decreased by 8.8%. The sales area of commercial housing in China was 1111.79 million square meters, a year-on-year decrease of 22.3%; The sales volume of commercial housing was 10883.2 billion yuan, down 26.1%. In terms of industries, the investment in the primary industry increased by 1.4%, the investment in the secondary industry increased by 10.8%, and the investment in the tertiary industry increased by 3.7%. Private investment increased by 1.6%. Investment in high-tech industries increased by 20.5%, including 23.6% and 14.0% in high-tech manufacturing and high-tech service industries, respectively. In the high-tech manufacturing industry, the investment in electronic and communication equipment manufacturing industry, medical equipment and instrument manufacturing industry increased by 28.7% and 27.8% respectively; In the high-tech service industry, the investment in the service industry of scientific and technological achievements transformation and the service industry of R & D and design increased by 24.7% and 22.5% respectively. Investment in social sectors increased by 13.1%, including 30.4% in health and 8.5% in education. In October, fixed asset investment (excluding farmers) increased by 0.12% month on month.
5、 The scale of import and export of goods has been expanded, and the trade structure has been continuously optimized
From January to October, the total import and export of goods reached 34616.5 billion yuan, up 9.5% year on year. Among them, export reached 1971.3 billion yuan, an increase of 13.0%; Imports were 1490.53 billion yuan, up 5.2%. The proportion of general trade import and export accounted for 63.8% of the total import and export, an increase of 2.1 percentage points over the same period of last year. The proportion of private enterprises' import and export accounted for 50.4% of the total import and export, an increase of 2.2 percentage points over the same period of last year. The export of mechanical and electrical products increased by 9.6% year on year, accounting for 57.1% of the total export volume. In October, the total import and export of goods reached 3551.5 billion yuan, up 6.9% year on year. Among them, exports reached 2069.1 billion yuan, an increase of 7.0 percent; Imports totaled 1482.3 billion yuan, up 6.8%. The trade surplus reached 586.8 billion yuan.
6、 The overall employment situation was stable, and the unemployment rate in urban survey was the same as last month
From January to October, the average unemployment rate in the national urban survey was 5.6%. In October, the national urban survey unemployment rate was 5.5%, unchanged from the previous month. The unemployment rate of local registered labor force was 5.4%; The unemployment rate of migrant labor force survey was 5.7%, of which the unemployment rate of migrant agricultural household registration labor force was 5.5%. The unemployment rates of 16-24 years old and 25-59 years old were 17.9% and 4.7% respectively, which were the same as that of last month. The unemployment rate was 6.0% in 31 big cities. The average weekly working hours of employees in enterprises across the country are 47.9 hours.
7、 Consumer prices rose modestly, while producer prices fell year on year
From January to October, the national consumer price (CPI) rose by 2.0% year-on-year. In October, the national consumer price rose by 2.1% year-on-year, 0.7% lower than that of the previous month; Up 0.1% month on month. In terms of classification, the prices of food, tobacco and alcohol increased by 5.2%, the price of clothing increased by 0.5%, the price of housing decreased by 0.2%, the price of daily necessities and services increased by 1.4%, the price of transportation and communication increased by 3.1%, the price of education, culture and entertainment increased by 1.2%, the price of medical care increased by 0.5%, and the price of other supplies and services increased by 1.9%. Among the food, tobacco and wine prices, fresh vegetable prices decreased by 8.1%, grain prices increased by 3.6%, fresh fruit prices increased by 12.6%, and pork prices increased by 51.8%. Excluding food and energy prices, the core CPI rose 0.6% year-on-year, unchanged from the previous month.
From January to October, the ex factory prices of industrial producers and the purchase prices of industrial producers increased by 5.2% and 7.5% respectively year-on-year. In October, the ex factory prices of industrial producers in China decreased by 1.3% year-on-year and increased by 0.2% month on month; The purchase price of industrial producers increased by 0.3% year-on-year and 0.3% month on month.
On the whole, the national economy in October withstood the impact of multiple factors beyond expectations at home and abroad, and continued to maintain the recovery trend. However, the international environment is becoming more complex and severe, and the foundation for domestic economic recovery is not firm. In the next stage, we should adhere to the guidance of Xi Jinping's Thought on socialism with Chinese characteristics for a new era, deeply study and implement the spirit of the party's 20th National Congress, adhere to the general keynote of seeking progress in stability, implement the new development concept, speed up the construction of a new development pattern, promote high-quality development, pay close attention to the implementation of policies, scientifically and efficiently coordinate epidemic prevention and control and economic and social development, and strive to expand effective demand, We should deepen supply side structural reform, maintain employment, stabilize prices and expectations, stimulate market vitality, consolidate a sound foundation for economic recovery, and strive to achieve better development results.