The national economy recovered and improved in August
On September 15th, the National Bureau of Statistics released data showing that in August, the national economy accelerated recovery, production and supply remained stable with an increase, market demand gradually improved, overall employment and prices remained stable, and new progress was made in high-quality development.
Industrial production is accelerating, and the service industry is growing rapidly. In August, the added value of industries above designated size in China increased by 4.5% year-on-year, an increase of 0.8 percentage points compared to the previous month; A month on month increase of 0.5%. The national service industry production index increased by 6.8% year-on-year, 1.1 percentage points faster than the previous month.
Market sales are recovering rapidly, and service consumption is growing rapidly. In August, the total retail sales of consumer goods reached 3793.3 billion yuan, a year-on-year increase of 4.6%, 2.1 percentage points faster than the previous month; A month on month increase of 0.31%. From January to August, the retail sales of services increased by 19.4% year-on-year.
The scale of fixed assets investment continued to expand, and investment in high-tech industries maintained a rapid growth. From January to August, the national fixed assets investment was 32704.2 billion yuan, up 3.2% year on year, 0.2 percentage points lower than that from January to July. Among them, investment in high-tech industries increased by 11.3% year-on-year.
The year-on-year decline in import and export of goods has narrowed, and the trade structure continues to optimize. In August, the total import and export volume of goods was 3588.7 billion yuan, a year-on-year decrease of 2.5%, which was 5.8 percentage points narrower than the previous month. Import and export offset each other, with a trade surplus of 488 billion yuan.
The overall employment situation is stable, and consumer prices for residents have shifted from a decrease to an increase year-on-year. In August, the national urban survey unemployment rate was 5.2%, a decrease of 0.1 percentage points from the previous month; The surveyed unemployment rate in 31 major cities and towns was 5.3%, a decrease of 0.1 percentage points from the previous month. The national consumer price index increased by 0.1% year-on-year, compared to a decrease of 0.3% last month; The month on month increase was 0.3%.
"Overall, in August, the main indicators showed marginal improvement, the national economy recovered well, high-quality development was solidly promoted, and positive factors accumulated. However, it should also be noted that there are still many external unstable and uncertain factors, domestic demand is still insufficient, and the foundation for economic recovery still needs to be consolidated." Fu Linghui, spokesperson for the National Bureau of Statistics, stated at the press conference of the State Council Information Office on the same day that in the next stage, we should focus on promoting high-quality development as the primary task, focus on stabilizing growth, employment, risk prevention, etc., accelerate the implementation and effectiveness of policy measures that have been introduced, and promote the effective improvement of quality and reasonable growth of quantity in the economy.
