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Home > News > Valuable News > Investment growth in manufacturing industry has rebounded for 3 months

Investment growth in manufacturing industry has rebounded for 3 months

ECHEMI 2019-08-26

manufacturing-investment

According to the data released by the National Bureau of Statistics on the 14th, from January to July, the national investment in fixed assets increased by 5.7% year-on-year, and the growth rate fell by 0.1 percentage points from January to June. Among them, manufacturing investment grew by 3.3% year-on-year, 0.3 percentage points faster than in January and June, and slightly faster for three consecutive months.

The National Bureau of Statistics released the main data of July's national economic operation on the same day. In terms of production, the service industry has grown rapidly. Statistics show that in July, the national service industry production index increased by 6.3% year-on-year, and the growth rate fell by 0.8 percentage points compared with last month. Industrial production is steady, moderate and the growth of high-tech manufacturing industry is fast. In July, the value-added of industries above scale increased by 4.8% year-on-year, and the growth rate fell by 1.5 percentage points compared with last month. The value-added of high-tech manufacturing industry increased by 6.6%, which was 1.8 percentage points faster than that of industries above scale. At the same time, the market sales continued to expand. In July, the total retail sales of social consumer goods increased by 7.6% year-on-year, and the growth rate fell by 2.2 percentage points compared with last month. The employment situation was generally stable and the survey unemployment rate increased slightly. Statistics show that from January to July, 8.67 million new jobs were created in cities and towns throughout the country, 79% of which completed the annual plan. In July, the unemployment rate in the national urban survey was 5.3%, up 0.2 percentage points from last month. Among them, the unemployment rate in the 25-59-year-old population survey was 4.6%, which was the same as last month. In addition, the structural reform on the supply side has been carried out steadily, and the asset-liability ratio of industrial enterprises has decreased. At the end of June, the ratio of assets to liabilities of Industrial Enterprises above scale was 57%, down 0.3 percentage points from the same period last year. At the same time, investment in the short board sector increased. From January to July, investment in ecological protection and environmental management and education increased 41% and 18.5% respectively, faster than the total investment of 35.3% and 12.8% respectively. Overall, the national economy continued to operate in a reasonable range in July, continuing the overall stable development trend. However, we should also see that the current external environment is grim and complex, the downward pressure of the domestic economy is increasing, and the basis for sustained and healthy economic development needs to be consolidated. Liu Aihua, spokesman for the National Bureau of Statistics, said.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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