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Total retail sales of social consumer goods can increase to a stable and stable 8.6% overall | National Economy |



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The total retail sales of consumer goods in May amounted to 8.6%, and the national economy was generally stable and stable.

On June 14, the State Council held a press conference on national economic operations in May. Fu Linghui, spokesperson for the National Bureau of Statistics, announced in May that the national economy continues to operate within a reasonable range, maintaining a generally stable, steady and progressive development trend.

Fu Linghui said that in certain data, the service industry grew steadily and the emerging services industry developed deeper, industrial production grew steadily, advanced manufacturing quickly grew, market sales accelerated, and online retail sales continued to increase. Continuous investment growth, high investment in high-tech industries, stable employment conditions, flat unemployment rate, moderate rise in consumer prices, rising prices of industrial producers, rapid growth of exports, Side structural reforms have intensified and service companies' profits have improved.

According to the data, total retail sales of consumer goods in May amounted to 3.2956 trillion yuan, an increase of 8.6% over the previous year, up 1.4 percentage points from the previous month. From January to May, retail sales of consumer goods amounted to 1.1333 trillion yuan, an increase of 8.1% over the same period of the previous year. National consumer prices in May rose 2.7% MoM and 0.2% MoM. Factory prices of industrial producers across the country rose 0.6% from a year earlier, and the growth rate was 0.3% point lower than the previous month. National industrial producers' purchasing prices rose 0.2% year – on – year. From January to May, the prices of national industrial producers and purchases of national industrial producers rose by 0.4% and 0.2%, respectively.

Fu Linghui said demand is continuing to expand. In the case of market sales, total retail sales of consumer goods in May increased by 8.6%, up 1.4 percentage points from the previous year. As a result of deducting the pricing factors, the social growth rate of May was 6.4%, 1.3% p higher than the previous month. Among them, catering income increased 9.4%, much faster than retail sales. In terms of exports, China's exports grew 4.6 percentage points in May, up 7.7 percent from a year earlier. Exports to major trading partners such as the European Union and ASEAN have been accelerated, and the trade surplus in May rose almost 90% from the previous year. The effect of the "One Belt, One Road" initiative continues to emerge. From January to May, Korea 's Belt and Road & # 39; national import and export growth rate was 4.9 percentage points higher than the overall import and export growth rate, accounting for 28.8% of total exports and exports. Up 1.3 points from the same period last year. Percentage points.

Fu Linghui said that in general, the national economy in May is generally stable, stable and operating within reasonable limits. Uncertainties in the external environment are now increasing, and the problem of domestic development imbalance is still outstanding and the foundation of sustainable and sound economic development must be integrated.

Edited by: Li Feng


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