In the first five months, the overall economic operation in Shandong remained stable - adhering to the coordination between the two ends, and the supply and demand steadily improved
The Shandong Provincial Bureau of Statistics recently announced that since the beginning of this year, the entire province has actively responded to the complex situation of intensified external shocks and overlapping internal challenges, adhered to systematic planning, and strengthened policy support effectiveness; Persist in targeted efforts and play a leading role in the project; Adhering to the coordination between both ends, the supply and demand have steadily improved, and the overall economic operation of the province has been stable in the first five months.
Production and supply remain stable.In terms of industrial production, the added value of large-scale industries in the province increased by 7.8% year-on-year in the first five months. Out of 41 industries, 35 achieved positive growth, with a growth rate of 85.4%. The added value of equipment manufacturing industry above designated size in the province increased by 13.6%, which is 5.8 percentage points higher than that of all industries above designated size, and boosted the province's industrial growth by 3.3 percentage points. Among them, industries such as electronics, automobiles, and railway ships have grown rapidly. The service industry is growing steadily. From January to April, the operating income of service industries above designated size in the province increased by 6.2% year-on-year. All 10 major industry categories have achieved positive growth, with a growth rate of 100%. Among them, three industries, namely leasing and business services, resident service repair and other services, and cultural sports and entertainment, achieved double-digit growth.
The market demand is steadily expanding.In terms of investment, in the first five months, the province's fixed assets investment increased by 1.3% year on year. Among them, investment in the primary and secondary industries increased by 6.5% and 16.4% respectively. Manufacturing investment increased by 11.7%, with a growth rate 10.4 percentage points higher than total investment, driving a 3.7 percentage point increase in total investment. In terms of consumption, in the first five months, the total retail sales of consumer goods in the province reached 1654.13 billion yuan, an increase of 5.8%. Among them, retail sales above the quota increased by 7.4%. In terms of foreign trade imports and exports, in the first five months, the total import and export volume of the province reached 1.42411 trillion yuan, an increase of 7.7%, an increase of 0.1 percentage points from January to April. Among them, exports and imports increased by 7.2% and 8.3% respectively. Import and export to countries jointly building the "the Belt and Road" increased by 8.9%, accounting for 63.8%.
The emerging momentum continues to grow, and the industry is accelerating its move towards the mid to high end.In the first five months, the added value of high-tech manufacturing above designated size in the province increased by 11.1% year-on-year, which was 3.3 percentage points higher than the growth rate of all industries above designated size. The production of industrial robots, new energy vehicles and other products has grown rapidly. Accelerate the layout of investment in emerging industries. The investment in the "Four New" sectors increased by 2.1%, which is 0.8 percentage points higher than the overall investment growth rate; The investment in high-tech industries increased by 7.8%, which is 6.5 percentage points higher than the overall investment growth rate. The new forms of consumption are steadily improving. The retail sales achieved by units above the quota through public networks reached 88.48 billion yuan, an increase of 17.5%, which is 10.1 percentage points higher than the growth rate of all retail sales above the quota.
The vitality of economic operation has been enhanced. The fiscal and financial operations are stable.In the first five months, the province achieved a general public budget revenue of 355.82 billion yuan, a year-on-year increase of 1.7%; The general public budget expenditure was 506.76 billion yuan, an increase of 5.6%. Interest rate cuts and reserve requirement ratio cuts further released liquidity, and as of the end of May, the balance of domestic and foreign currency loans of financial institutions increased by 9.4%. Among them, loans to enterprises (institutions) increased by 12.9%. The private economy continues to be active. The added value of private industries above designated size increased by 10.3%, which is 2.5 percentage points higher than the growth rate of all industries above designated size. The retail sales of private commercial units above the quota increased by 8.9%, which is 1.5 percentage points higher than the growth rate of all retail sales above the quota.
Livelihood security has steadily improved, and employment prices have remained stable.In the first five months, 519000 new urban jobs were created in the province. The consumer price index for residents decreased by 0.1%. By category, food, tobacco, and alcohol prices decreased by 0.8%, daily necessities and services prices decreased by 0.3%, education, culture, and entertainment prices increased by 1.7%, clothing prices increased by 1.4%, transportation and communication prices decreased by 2.6%, and healthcare prices increased by 0.4%. Continuous efforts are being made to invest in the field of people's livelihood. In the first five months, investment in resident service repair and other service industries, health and social work increased by 22.4% and 5.0% respectively.
Information source: Dazhong Daily
