National Bureau Of Statistics: In October, The Added Value Of Above Scale Industries Increased By 4.7% Over The Same Period Last Year.

According to Statistics Bureau, in October 2019, the industrial added value of above scale increased by 4.7% in real terms (the actual growth rate below the price factor) was 1.1 percentage points lower than that in September. From the perspective of the ring ratio, the added value of industrial added value above scale increased by 0.17% over the previous month in October. From 1 to October, the added value of above scale industries increased by 5.6% over the same period last year.

From 1 to October 2019, the national real estate development investment amounted to 109603 billion yuan, an increase of 10.3% over the same period last year, and the growth rate dropped 0.2 percentage points from 1 to September. Among them, residential investment 80666 billion yuan, an increase of 14.6%, the growth rate dropped 0.3 percentage points.

In October 2019, the total retail sales of consumer goods totaled 38104 billion yuan, up 7.2% from the nominal growth rate (4.9% below the price factor). Among them, the retail sales of consumer goods other than cars amounted to 34876 billion yuan, an increase of 8.3%.

From 1 to October, 2019, the fixed assets investment (excluding farmers) of 510880 billion yuan, an increase of 5.2% over the same period last year, the growth rate dropped 0.2 percentage points from 1 to September. From the aspect of the chain ratio, fixed asset investment (excluding households) increased by 0.40% in October. Among them, investment in civilian fixed assets was 291522 billion yuan, an increase of 4.4% over the same period last year, and the growth rate dropped 0.3 percentage points from 1 to September.

Statistics Bureau: in October, the national economy was running smoothly.

In October, faced with the complicated international situation and the downward pressure of domestic economy, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as the core, all localities and departments conscientiously implemented the decision making arrangements of the Party Central Committee and the State Council, carried out the new development concept in an all-round way, followed the development of high quality, persisted in the structural reform of supply side as the main line, vigorously deepened reform and opening wider, intensified countercyclical regulation, and made efforts to achieve steady employment, stable finance, stable foreign trade, stable foreign investment, stable investment and steady anticipation, and the economic operation was generally stable and the structural adjustment was steadily advancing.

First, the stable growth of the service sector and the better growth of the modern service industry.

In 1-10, the national service production index increased by 7%, unchanged from the 1-9 month. In October, the national service production index increased by 6.6% over the same period last year, and the growth rate dropped 0.1 percentage points from last month. Information transmission, software and information technology services, leasing and business services production index increased by 16.9% and 11.3% respectively, the growth rate was faster than the national service industry production index 10.3 and 4.7 percentage points. The business activity index of service industry 51.4% continued to be above the "ups and downs" line, and the business activity index of air transport, postal industry, Internet software information technology services and other industries were all located in the higher prosperity section of more than 55%. The service sector business activity index is 60.3%, up 1 percentage points from last month.

Two, industry continues to grow, and new industries and new products grow faster.

In the 1-10 month, the added value of industrial above designated size increased by 5.6%, and the growth rate was unchanged from 1-9 months. In October, the added value of industrial above designated size increased by 4.7% over the same period last year, and the growth rate dropped 1.1 percentage points over the previous month. According to the economic type, the added value of the state holding enterprises increased by 4.8%, the shareholding enterprises increased by 5.4%, and the foreign and Hong Kong, Macao and Taiwan invested enterprises increased by 2.1%. Divided into three categories, the added value of mining industry increased by 3.9%, manufacturing industry increased by 4.6%, and electricity, heat, gas and water production and supply industry increased by 6.6%. The added value of high-tech manufacturing increased by 8.3%, 3.6 percentage points faster than that of the above scale industries, and the medical equipment and instrumentation manufacturing, electronic and communications equipment manufacturing and pharmaceutical manufacturing increased by 14%, 8.5% and 7%, respectively, 9.3, 3.8 and 2.3 percentage points higher than those in the above scale industries. The output of optical fiber, solar cell and micro computer increased by 59.4%, 28.4% and 9.4% respectively. In the Manufacturing Purchasing Managers Index (PMI) sub index, production index and supplier delivery time index were 50.8% and 50.1%, respectively, which were higher than the critical point. The expected production and operation activity index of manufacturing industry is 54.2%, which is located in the high economic zone.

　　 Three, the steady expansion of market sales, online retail and service consumption are booming.

In 1-10, retail sales of social consumer goods totaled 334778 billion yuan, an increase of 8.1%, and the growth rate dropped 0.1 percentage points over 1-9 months. In October, the total retail sales of consumer goods totaled 38104 billion yuan, an increase of 7.2% over the same period last year, and the growth rate dropped 0.6 percentage points from the previous month. Among them, the total retail sales of consumer goods excluding cars increased by 8.3%. According to the location of the operating units, the retail sales of urban consumer goods amounted to 32744 billion yuan, an increase of 7%, and the retail sales of rural consumer goods increased by 536 billion yuan, an increase of 8.6%. According to the consumption type, the restaurant income was 436 billion 700 million yuan, an increase of 9%, and the retail sales of commodities amounted to 33737 yuan, an increase of 7%. Consumption upgrading products increased rapidly. Over the same period, the number of communication equipment and sports entertainment products increased by 22.9% and 11.5% respectively, faster than the total retail sales of social consumer goods by 15.7 and 4.3 percentage points respectively. Domestic tourism revenues and national film box office revenues continued to grow rapidly.

In 1-10 months, the retail sales volume of the whole country was 82307 billion yuan, up 16.4% from the same period last year, and the growth rate dropped 0.4 percentage points over that of 1-9 months. Among them, the online retail sales of physical commodities increased by 65172 yuan, an increase of 19.8%, accounting for 19.5% of the total retail sales of social consumer goods, an increase of 2 percentage points over the same period last year.

　　 Four, investment growth is generally stable, and investment in high-tech industries and social sectors continues to grow rapidly.

In 1-10, the fixed asset investment (excluding farmers) of 510880 billion yuan, an increase of 5.2% over the same period last year, has increased by 0.2 percentage points lower than that in 1-9 months. In terms of sectors, infrastructure investment grew by 4.2% over the same period, manufacturing investment increased by 2.6% and real estate development investment increased by 10.3%. The total area of commercial housing sales in China is 1 billion 332 million 510 thousand square meters, an increase of 0.1% over the same period last year, and the sales volume of commercial housing is 124417 billion yuan, an increase of 7.3%. According to the industry, the investment in the primary industry dropped by 2.4%, the investment in the second industry increased by 2.3%, and the investment in the third industry increased by 6.8%. Private investment amounted to 291522 billion yuan, an increase of 4.4%. In the 1-10 month, the investment in hi-tech industry increased by 14.2% over the previous year, faster than the total investment of 9 percentage points, and the investment in high-tech manufacturing industry and high-tech service industry increased by 14.5% and 13.7% respectively over the same period last year. Investment in the social sector increased by 12.9% over the same period, with investment in education, culture, sports and entertainment increased by 18% and 13.8% respectively.

　　 Five, new employment is ahead of schedule, and the unemployment rate has dropped slightly.

In 1-10, 11 million 930 thousand new jobs were made in cities and towns nationwide, and the target of more than 11 million new jobs in cities and towns was achieved ahead of schedule. In October, the unemployment rate of urban survey was 5.1%, down 0.1 percentage points from last month. Among them, the unemployment rate of the 25-59 year old population survey was 4.6%, unchanged from last month. The unemployment rate in 31 big cities and towns was 5.1%, down 0.1 percentage points from last month. Zhou Pingjun, the national employment officer, worked for 46.8 hours, an increase of 0.1 hours from last month.

　　 Six, consumer price inflation has expanded and industrial producer prices have declined.

In October, consumer prices nationwide rose 3.8% over the same period, an increase of 0.8 percentage points from last month and a 0.9% rise of the month. According to the classification, the prices of food, tobacco and alcohol rose by 11.4% compared with the same period last year, the clothing increased by 1.2%, living increased by 0.5%, daily necessities and services increased by 0.6%, traffic and communications decreased by 3.5%, educational culture and entertainment increased by 1.9%, medical care increased by 2.1%, and other goods and services increased by 5.5%. In the price of food, tobacco and wine, grain prices rose by 0.5%, pork increased by 101.3%, fresh vegetables decreased by 10.2%, and fresh fruits dropped by 0.3%. After deducting food and energy prices, the core CPI rose 1.5%, or unchanged from last month. In 1-10, consumer prices nationwide rose 2.6% over the same period last year.

In October, the producer prices of industrial producers fell by 1.6% over the same period last year, rising by 0.1%. The purchasing price of industrial producers decreased by 2.1% compared with the same period last year, rising by 0.2%. In the 1-10 month, the producer prices of industrial producers dropped by 0.2% compared with the same period last year, and the purchasing prices of industrial producers dropped by 0.5%.

　　 Seven, exports will rise and fall, and trade structure will be further optimized.

In October, the total import and export volume was 27071 billion yuan, down 0.5% compared with the same period last year, a decrease of 2.7 percentage points from last month. Among them, exports of 15042 billion yuan, an increase of 2.1% over the same period last month, a decrease of 0.7%, an import of 12029 billion yuan, a decrease of 3.5%, a decrease of 2.5 percentage points from last month. The trade surplus is 301 billion 300 million yuan. The scale of trade continued to expand. In 1-10 months, the total import and export volume was 256273 billion yuan, an increase of 2.4%. Among them, exports of 139840 billion yuan, an increase of 4.9%; imports of 116432 billion yuan, down 0.4%. The trade structure continued to be optimized. General trade imports and exports grew by 4.8%, accounting for 59.3% of the total import and export volume, 1.4 percentage points higher than the same period last year. The import and export of private enterprises increased by 10.3%, accounting for 42.4% of the total import and export volume, 3 percentage points higher than the same period last year. Industrial Enterprises above Designated Size achieved export value of 101139 billion yuan, an increase of 1.8% over the same period last year.

　　 Eight, structural reforms on the supply side continue to push forward, and profits in emerging industries grow faster.

The micro leverage ratio declined. At the end of 9, the asset liability ratio of Industrial Enterprises above designated size was 56.9%, down 0.3 percentage points compared with the same period last year. The inventory of commercial housing was reduced. At the end of 10, the total area of commercial housing sold in the country was 493 million 230 thousand square meters, down 6.6% from the same period last year, and 230 thousand square meters lower than that at the end of 9. The unit cost of enterprises continued to decline compared with the beginning of the year. In the 1-10 month, the investment in ecological protection and environmental management, environmental monitoring and management services increased by 37.4% and 32.7%, respectively, faster than the total investment of 32.2 and 27.5 percentage points respectively.

In the 1-9 month, the business income of service enterprises above designated size increased by 9.3% over the same period last year. Strategic emerging services, high-tech services and science and technology services increased by 11.8%, 11.4% and 11.2%, respectively, which were faster than 2.5, 2.1 and 1.9 percentage points of all the above scale services. In the 1-9 month, the total profit of Industrial Enterprises above designated size decreased by 2.1% compared with the same period last year, of which electric machinery and equipment manufacturing, special equipment manufacturing and non-metallic mineral products industry increased by 13.5%, 12.9% and 11.8% respectively, and Industrial Enterprises above Designated Size achieved a 4.5% increase in operating income.

At the same time, we should be sober to see that the current global economic growth is slowing down, the external uncertainties are more uncertain, the domestic cyclical problems and structural contradictions are superimposed, and the downward pressure on the economy continues to increase. We must adhere to the guiding ideology of Xi Jinping's socialism with Chinese characteristics in the new era, adhere to the bottom line thinking, adhere to the general keynote of steady progress and strive to implement the policies that have been promulgated, do well in policy coordination and linkage, enhance the resilience of economic development, withstand the downward pressure of the economy, promote steady growth in employment, maintain the basic stability of prices, and do a solid job in ensuring the livelihood of the people, and strive to accomplish the main objectives and tasks of the whole year, laying the foundation for the smooth operation of the economy next year.

　　 Note appended

(1) the index of service industry production refers to the output change of the service industry reporting period relative to the base period after excluding the price factors.

(2) the growth rate of industrial added value and its classified items above designated size is calculated at comparable prices, which is the actual growth rate; other indicators, except for special descriptions, are calculated at current prices, representing nominal growth rates.

(3) the statistical scope of industries above designated size is industrial enterprises whose annual main business income is more than 20 million yuan.

Because the scope of Industrial Enterprises above designated size varies year by year, the number of years used to calculate the output of products and other indicators in the same period is consistent with the extent of the current enterprise statistics. The main reasons are: first, changes in the scope of statistical units. Some enterprises have reached the scope of the survey every year, and some enterprises have withdrawn from the survey because of the smaller scale, and the impact of newly built enterprises, bankruptcy, and marketing enterprises. Two, there are cross regional duplication statistics in the production output data of some enterprise groups (companies). According to the special investigation, the repeated output of enterprises across the region has been weighed.

(4) the statistics of total retail sales of social consumer goods are: legal person enterprises, industrial activity units and self-employed persons who engage in commodity retail activities or provide catering services. Among them, the above quota units refer to the wholesale enterprises (units) whose annual main business income is more than 20 million yuan or above, the retail enterprises (units) above 5 million yuan or above, the 2 million yuan and above accommodation and catering enterprises (units).

As the scope of wholesale and retail businesses, accommodation and catering enterprises (units) above the scale changes every year, in order to ensure that this year's data is comparable with that of the previous year, the number of indicators used for calculating the year-on-year growth rate of the above unit sales volume of consumer goods is consistent with the statistical scope of the enterprises (units) of the current period, and there is a difference in caliber with the data released last year. The main reasons are: first, every year, some enterprises (units) reach the limits of standards and are included in the scope of the investigation. At the same time, some enterprises (units) are unable to meet the quota standards to withdraw from the investigation scope because of the smaller scale, and the influence of newly opened enterprises, bankrupt enterprises and enterprises (units). The two is the 2019 monthly report combined with the fourth national economic census unit inventory (August 2018 -12 month) results, for the end of 2018, the unit above quota is verified again, for the enterprises that fail to meet the limit standard (units) are included in the investigation scope below the unit.

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

The total retail sales of consumer goods include online retail sales of physical commodities, excluding online retail sales of non physical goods.

(5) according to the results of the statistical law enforcement inspection and the fourth national economic census unit inventory, we revised the fixed asset investment data in the same period last year, and the growth rate was calculated according to the comparable caliber.

(6) employed persons refer to persons aged 16 or above who have the ability to work and engage in certain social work for obtaining remuneration or operating income.

(7) the data of new urban employment population come from the Ministry of human resources and social security, and the data of import and export come from the General Administration of customs.

(8) some data are divided into four sections and five entries.

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