A prominent highlight of economic growth in the first half of this year!, Overall Service Industry | Service Industry | Economy
Since the beginning of this year, the recovery of the service industry has significantly accelerated, and the overall development of modern service industry is improving. New drivers are growing rapidly, and the expectations of service industry enterprises are generally stable. The service industry is a prominent highlight of economic growth in the first half of this year.
One is the rapid growth of the contact service industry
With the increase of residents going out for shopping, dining, and travel, the related service industry is accelerating its recovery. In the first half of the year, the added value of the accommodation and catering industry, wholesale and retail industry, transportation, warehousing, and postal industry increased by 15.5%, 6.6%, and 6.9% year-on-year, respectively, all maintaining rapid growth.
Secondly, the modern service industry has shown good growth momentum
The continuous deepening of digital development and the expanding demand for information services have driven the growth of related industries. In the first half of the year, the added value of information transmission software and information technology services increased by 12.9% year-on-year.
The resumption of business activities has accelerated, and the demand for services such as exhibitions and tourism has increased. The related service industry has also maintained rapid growth. In the first half of the year, the added value of leasing and business services increased by 10.1% year-on-year.
The third is the enhancement of new driving forces for the development of the service industry
Technological innovation drives strengthening, and the high-tech service industry is developing rapidly. From January to May, the operating revenue of the technology service industry above designated size and the high-tech service industry increased by 12.4% and 11.9% year-on-year, respectively. In the first half of the year, fixed assets investment in high-tech service industry increased by 13.9% year on year.
Fourth, the overall stability of service industry enterprises is expected
The business activity index of the service industry in June was 52.8%, maintaining a prosperous range for six consecutive months.
From the perspective of market expectations, the expected index of service industry business activities in June was 60.3%, an increase of 0.2 percentage points from the previous month, maintaining a relatively high economic range, indicating that service industry enterprises are optimistic about the market outlook.
The rapid recovery of the service industry is due to the comprehensive restoration of normal economic and social operations, which has created favorable conditions for the development of the service industry, especially for the recovery of contact and cluster service industries. Secondly, economic activities such as human flow and logistics are becoming more active, which has enhanced the driving force on related service industries. Since the beginning of this year, there has been a significant increase in resident tourism travel, and cultural performances and movie box office growth have been relatively fast. The third is that the innovation and development of the service industry are obvious, and new formats and models are developing rapidly. Technological innovation has enhanced the driving force of high-tech service industries such as research and development, accelerated the integration of online and offline, and rapidly increased new service models such as online retail and live streaming sales, injecting new impetus into the development of the service industry.
Overall, the recovery of the service industry is beneficial for promoting production, improving people's lives, and expanding employment to promote stable economic growth. In the next stage, with the gradual release of domestic demand potential and increased market confidence, the service industry is expected to develop well.