China ’s added value of industries above designated scale in April increased by 5.6%year -on -year, which was significantly lower than growth expectations, but accelerated from 3.9%in March.
A spokesperson for the National Bureau of Statistics and Director of the Department of Statistics of the National Economic Comprehensive Statistics announced the above data on Tuesday (May 16).Although the data in April was far lower than the 10.9%expectations surveyed by Reuters analysts, it was the highest growth rate since September 2022.
In terms of three large doors, the value -added of the mining industry is flat year -on -year, the manufacturing industry increases by 6.5%, and the power, heat, gas and water production and supply industry increased by 4.8%; the added value of the equipment manufacturing industry increased by 13.2%year -on -year, Accelerated by 5.3 percentage points than last month.In terms of economic types, the value -added of state -owned holding enterprises increased by 6.6%year -on -year; joint -stock enterprises increased by 4.4%, and foreign investment enterprises increased by 11.8%; private enterprises increased by 1.6%.In terms of products, the output of new energy vehicles and solar battery products increased by 85.4%and 69.1%year -on -year.
From January to April this year, the value added of industrial industries above designated size increased by 3.6%year-on-year, 0.6 percentage points accelerated from January-March.In April, the manufacturing procurement manager index was 49.2%, and the expected index of enterprise production and operation activities was 54.7%.
The total retail sales of social consumer goods in April were 3491 billion yuan (RMB, about S $ 670.4 billion), an increase of 18.4%year -on -year, an increase of 7.8 percentage points over the previous month; and 0.49%month -on -month.
In addition, China's real estate development investment continued to decline, from 5.8%from January to March to 6.2%in April.Data show that the sales area of commercial housing nationwide was 37.636 million square meters, a decrease of 0.4%year-on-year; the new start area calculated based on the construction area from January to April also decreased by 21.2%compared with the same period last year.
The official also announced the unemployment rate data. In April, the national urban survey rate was 5.2%, a decrease of 0.1 percentage points from the previous month.However, the unemployment rate of young people has continued to stay high.Data show that the unemployment rate of labor in the age of 16-24 was 20.4%, an increase of 0.8 percentage points from 19.6%in March.
