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                        GDP in the first quarter increased by 6.8% year-on-year. Real estate development investment growth reached a three-year high.
Source: National Bureau of Statistics Editor: Eastern Fortune Network

Click to view GDP data

China's first-quarter GDP data was released, up 6.8% year-on-year, with a forecast of 6.8%, 6.8% in the fourth quarter of last year and 6.9% last year.

In March, the added value of industrial enterprises above designated size increased by 6.0% year-on-year, with an expected 6.3%.

The total retail sales of consumer goods in March increased by 10.1% year-on-year, with an expected 9.7%.

From January to March, urban fixed asset investment increased by 7.5% year-on-year, with an expected 7.7% and a previous value of 7.9%.

The power generation in March was 528.3 billion kWh, a year-on-year increase of 2.1%, and a year-on-year increase of 11.0% in January-February.

In the first quarter, real estate development investment was 2.13 trillion yuan, a year-on-year increase of 10.4%, and the growth rate reached a three-year high, 0.5 percentage points higher than that in January and February. In the first quarter, the sales of commercial housing was 2.56 trillion yuan, a year-on-year increase of 10.4%, and the growth rate dropped by 4.9 percentage points. In the first quarter, the sales area of ​​commercial housing was 30.88 million square meters, a year-on-year increase of 3.6%, and the growth rate dropped by 0.5 percentage points. In the first quarter, the newly started housing area was 34.615 million square meters, an increase of 9.7% year-on-year, and the growth rate increased by 6.8 percentage points.

From January to March, the national urban survey unemployment rate was 5.0%, 5.0%, and 5.1%, respectively, down 0.2, 0.4, and 0.1 percentage points from the same month last year.

  The national economy achieved a good start in the first quarter

Since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all localities and departments have adhered to the general tone of steady progress, adhered to the new development concept, and built a modern economic system in accordance with the requirements for promoting high-quality development. Implementation, the national economy continued to develop steadily and steadily, the transformation and upgrading steadily advanced, the quality and efficiency continued to improve, and the economic operation started well.

According to preliminary calculations, the gross domestic product in the first quarter was 1987.83 billion yuan, which was calculated at comparable prices and increased by 6.8% year-on-year. In terms of industries, the added value of the primary industry was 890.4 billion yuan, up 3.2% year-on-year; the added value of the secondary industry was 77.51 billion yuan, up 6.3%; the added value of the tertiary industry was 1,12428 billion yuan, up 7.5%.

  First, the agricultural production situation is better

In the first quarter, the output of pig, beef, sheep and poultry was 23.16 million tons, an increase of 1.8% year-on-year; among them, pork production was 15.43 million tons, an increase of 2.1%. The number of live pigs was 41.523 million, down 1.2% year-on-year; the number of live pigs was 98,300, an increase of 1.9%. In March, the climatic conditions of the major agricultural areas in the country were generally favorable. Most of the rural areas had suitable sunshine and lyrics, and spring ploughing and spring sowing progressed smoothly.

  Second, industrial production is generally stable

In the first quarter, the added value of industrial enterprises above designated size increased by 6.8% year-on-year, and the growth rate dropped by 0.4 percentage points from January to February, which was the same as that of the same period of the previous year. In terms of economic types, the value-added of state-owned holding enterprises increased by 7.9%, collective enterprises increased by 0.1%, joint-stock enterprises increased by 7.0%, and foreign-invested enterprises of Hong Kong, Macao and Taiwan increased by 5.5%. In terms of three categories, the added value of the mining industry increased by 0.9% year-on-year, the manufacturing industry increased by 7.0%, and the electricity, heat, gas and water production and supply industries increased by 10.8%. New industries and new products are developing rapidly. The added value of high-tech industries and equipment manufacturing industry increased by 11.9% and 8.8% respectively, which was faster than the above-scale industries by 5.1 and 2.0 percentage points respectively. The output of integrated circuits increased by 15.2% year-on-year, new energy vehicles increased by 139.4%, and industrial robots increased by 29.6%. The ratio of production and sales of industrial enterprises above designated size reached 97.9%, an increase of 0.3 percentage points over the same period of the previous year. In March, the added value of industrial enterprises above designated size increased by 6.0% year-on-year and 0.33% quarter-on-quarter. In March, the manufacturing purchasing managers index was 51.5%, an increase of 1.2 percentage points from the previous month.

In January-February, the national total industrial enterprises realized a total profit of 968.9 billion yuan, a year-on-year increase of 16.1%; the profit rate of the main business income of industrial enterprises above designated size was 6.1%, an increase of 0.33 percentage points over the same period of the previous year.

  Third, the service industry is growing rapidly

In the first quarter, the national service industry production index increased by 8.1% year-on-year, and the growth rate was 0.1 percentage points higher than that in January and February, down 0.2 percentage points from the same period of the previous year. Among them, information transmission, software and information technology services, leasing and business services industry maintained rapid growth. In March, the national service industry production index increased by 8.3% year-on-year, 0.3 percentage points faster than that of January and February, and was the same as the same period of the previous year. In the first two months of this year, the operating income of service enterprises above designated size increased by 14.1% year-on-year, 0.7 percentage points higher than the same period of the previous year.

In March, the service industry business activity index was 53.6%, a slight decrease of 0.2 percentage points from the previous month, but still higher than the previous year's average. The business activity index of railway transportation industry, air transportation industry, postal express industry, telecommunication radio and television and satellite transmission services, Internet software information technology services, monetary and financial services, capital market services, insurance and other industries are all at 55.0% and above. Boom range. From the market expectation, the service industry's business activity expectation index is 60.1%, which is higher than 60.0% for 10 consecutive months.

  Fourth, the growth rate of private investment accelerated

In the first quarter, the country's fixed asset investment (excluding farmers) was 100.763 billion yuan, a year-on-year increase of 7.5%. The growth rate dropped by 0.4 percentage points from January to February, down 1.7 percentage points from the same period of the previous year. Among them, private investment was 6.2386 trillion yuan, an increase of 8.9%, 0.8 percentage points faster than that of January and February, and 1.2 percentage points higher than the same period of the previous year. In terms of industries, the investment in the primary industry was 290 billion yuan, an increase of 24.2%; the investment in the secondary industry was 358.13 billion yuan, an increase of 2.0%, of which manufacturing investment increased by 3.8%; investment in the tertiary industry was 620 billion yuan, an increase of 10.0%, of which the basis Facility investment increased by 13.0%. Investment in high-tech manufacturing increased by 7.9% year-on-year, and the growth rate was 0.4 percentage points faster than the total investment. From a ring comparison, fixed asset investment (excluding farmers) increased by 0.57% in March from the previous month.

  5. The area of ​​commercial housing for sale continues to decrease

In the first quarter, the national real estate development investment was 2,212.9 billion yuan, a year-on-year increase of 10.4%. The growth rate was 0.5 percentage points higher than that in January and February, and 1.3 percentage points higher than the same period of the previous year, of which residential investment increased by 13.3%. The newly started construction area of ​​the house was 34.615 million square meters, an increase of 9.7% year-on-year, of which the newly started residential area increased by 12.2%. The sales area of ​​commercial housing nationwide was 30.88 million square meters, an increase of 3.6%, of which residential sales area increased by 2.5%. The sales of commercial housing in the country was 2.5597 trillion yuan, an increase of 10.4%, of which residential sales increased by 11.4%. The land acquisition area of ​​real estate development enterprises was 38.02 million square meters, an increase of 0.5% year-on-year. At the end of March, the sales area of ​​commercial housing in the country was 573.29 million square meters, a decrease of 11.38 million square meters from the end of last month. In the first quarter, real estate development enterprises received funds of 367.7 billion yuan, a year-on-year increase of 3.1%.

  Sixth, market sales continue to be active

In the first quarter, the total retail sales of consumer goods reached 902.75 billion yuan, a year-on-year increase of 9.8%. The growth rate was 0.1 percentage points higher than that in January and February, and 0.2 percentage points lower than the same period of the previous year. According to the location of the business unit, the retail sales of urban consumer goods was 770.96 billion yuan, up 9.7%; the retail sales of rural consumer goods was 1,137.9 billion yuan, up 10.7%. According to the type of consumption, the catering revenue was 971.1 billion yuan, up 10.3%; the retail sales of goods was 805.64 billion yuan, up 9.8%. Sales of consumer upgraded goods grew rapidly. The cosmetics, household appliances and audio-visual equipment products above designated size increased by 16.1% and 11.4% respectively, up 6.2 and 3.4 percentage points respectively over the same period of the previous year. In March, the total retail sales of consumer goods increased by 10.1% year-on-year, 0.4 percentage points faster than that of January and February, and increased by 0.73% from the previous month.

In the first quarter, the national online retail sales amounted to 193.8 billion yuan, a year-on-year increase of 35.4%, an increase of 3.3 percentage points over the same period of the previous year. Among them, the online retail sales of physical goods was 1,456.7 billion yuan, up 34.4%, accounting for 16.1% of the total retail sales of consumer goods, up 3.7 percentage points year-on-year; the online retail sales of non-physical goods was 475.1 billion yuan, up 38.7%.

  7. The trade surplus has narrowed sharply

In the first quarter, the total volume of imports and exports of goods was 675.16 billion yuan, a year-on-year increase of Among them, exports were 3.5389 billion yuan, up 7.4%; imports were 322.7 billion yuan, up 11.7%. The import and export offset, with a surplus of 326.2 billion yuan, a 21.8% narrower than the same period last year. The structure of the trade pattern was further optimized. The import and export of general trade increased by 13.2%, accounting for 58.3% of the total import and export volume, an increase of 2.0 percentage points over the same period of the previous year. Mechanical and electrical products remained the main exporter, and exports of mechanical and electrical products increased by 9.5%, accounting for 59.4% of total exports. The import and export of the top three trading partners continued to grow. China’s imports and exports to the EU, the US and ASEAN increased by 8.2%, 6.3% and 13.7% respectively. The import and export of some countries with the “Belt and Road” increased well. Imports and exports in Poland and Kazakhstan increased by 20.5%, 16.6% and 16.2% respectively. In March, the total volume of imports and exports was 2,245.3 billion yuan, down 2.5% year-on-year. Among them, exports were 110.78 billion yuan, down 9.8%; imports were 1,137.5 billion yuan, up 5.9%.

In the first quarter, the export delivery value of industrial enterprises above designated size reached 2,714.5 billion yuan, a year-on-year increase of 7.6%. In March, industrial enterprises above designated size achieved an export delivery value of 101.6 billion yuan, an increase of 4.0%.

  Eight, the market price rise is moderate

In the first quarter, the national consumer price rose by 2.1% year-on-year, a drop of 0.1 percentage points from January to February and an increase of 0.7 percentage points over the same period of the previous year. Among them, the city rose 2.2%, and the rural rose 2.0%. In terms of categories, food and tobacco prices rose by 1.9% year-on-year, clothing rose by 1.2%, housing rose by 2.4%, household goods and services rose by 1.6%, transportation and communications rose by 0.7%, education culture and entertainment rose by 2.2%, and health care rose by 6.0. %, other supplies and services rose 1.4%. In the price of food, tobacco and alcohol, the price of food rose by 1.1%, the price of pork fell by 9.9%, and the price of fresh vegetables rose by 6.6%. In March, the national consumer price rose by 2.1% year-on-year, a 0.8 percentage point drop from the previous month and a decrease of 1.1% from the previous month.

In the first quarter, the ex-factory price of industrial producers nationwide rose by 3.7% year-on-year, and the growth rate dropped by 0.3 percentage points from January to February, down 3.7 percentage points from the same period of the previous year. In March, the ex-factory price of industrial producers nationwide rose by 3.1% year-on-year, which was 0.6 percentage points lower than that of the previous month and 0.2% lower than the previous month. In the first quarter, the purchase price of industrial producers nationwide rose by 4.4% year-on-year; in March, it rose by 3.7% year-on-year and 0.3% quarter-on-quarter.

  9. The employment situation is generally stable

From January to March, the national urban survey unemployment rate was 5.0%, 5.0%, and 5.1%, respectively, down 0.2, 0.4, and 0.1 percentage points from the same month of the previous year; the urban and rural unemployment rates in 31 major cities were 4.9% and 4.8%, respectively. And 4.9%, respectively, down 0.1, 0.2 and 0.1 percentage points from the same month of the previous year. At the end of the first quarter, the total number of rural laborers who went out to work was 174.41 million, an increase of 1.88 million over the same period of the previous year, an increase of 1.1%.

  X. Residents' income has increased steadily

In the first quarter, the per capita disposable income of the national residents was 7,815 yuan, a nominal increase of 8.8% year-on-year, and a real increase of 6.6% after deducting the price factor. According to the permanent residence, the per capita disposable income of urban residents was 10,781 yuan, and the actual increase of 5.7% after deducting the price factor; the per capita disposable income of rural residents was 4,226 yuan, and the actual increase of 6.8% after deducting the price factor. The per capita income of urban and rural residents was 2.55, which was 0.02 less than the same period of the previous year. The median per capita disposable income of the national residents was 6,580 yuan, a nominal increase of 8.5% year-on-year.

  XI. The transformation and upgrading have achieved remarkable results.

The structural reform of the supply side was solidly advanced. In the first quarter, the national industrial capacity utilization rate was 76.5%, an increase of 0.7 percentage points over the same period of the previous year. The effect of destocking was outstanding. At the end of March, the area of ​​commercial housing for sale decreased by 16.7%. The effect of de-leveraging continued to show. At the end of February, the asset-liability ratio of industrial enterprises above designated size was 56.3%, down 0.8 percentage points year-on-year. The cost of the real economy continued to decrease. The cost per 100 yuan of main business income of industrial enterprises above designated size in January-February was 83.98 yuan, a decrease of 0.33 yuan year-on-year. The investment in the short-board sector grew rapidly. In the first quarter, the ecological protection and environmental management industry, public facilities management industry and agricultural investment increased by 34.2%, 13.4% and 25.4% respectively, which were faster than the total investment of 26.7, 5.9 and 17.9 percentage points respectively.

The economic structure continues to be optimized. In the first quarter, the contribution rate of the tertiary industry's added value to GDP growth was 61.6%, which was 25.5 percentage points higher than the secondary industry. The contribution rate of final consumption expenditure to economic growth was 77.8%, which was higher than the total capital formation by 46.5 percentage points. New kinetic energy grows rapidly. In the first quarter, there were 1.323 million new registered enterprises nationwide, an increase of 5.4% year-on-year, and 14,700 new daily registered enterprises. The added value of industrial strategic emerging industries increased by 9.6% year-on-year, 2.8 percentage points faster than the above-scale industries. Green development has steadily advanced. In the first quarter, energy consumption per unit of GDP fell by 3.2% year-on-year.

In general, in the first quarter, the national economy continued to develop steadily and steadily, and the favorable conditions for supporting the economy towards high-quality development continued to accumulate, laying a good foundation for the stable and healthy development of the economy throughout the year. However, we must also see that the international environmental uncertainty has risen, and the problem of insufficient domestic development imbalance is still outstanding, and the task of reform and development is arduous. In the next stage, we should take Xi Jinping's new era of socialism with Chinese characteristics as the guide, comprehensively implement the spirit of the 19th National Congress of the Communist Party of China and the Central Economic Work Conference, follow the government's work report, adhere to the overall tone of the work, and implement the new development concept. We will deepen the structural reform of the supply side, vigorously implement innovation-driven, further expand reform and opening up, enhance the development of endogenous power, guide stable expectations, and promote sustained and healthy economic development.

  Note

(1) The gross domestic product, the added value of industrial enterprises above designated size and the growth rate of its classified items are calculated at comparable prices, which is the actual growth rate; other indicators, unless otherwise specified, are calculated at current prices and are nominal growth rates.

(2) According to the seasonal adjustment model, the results of automatic correction will be revised for the growth rate of GDP, industrial added value above designated size, fixed assets investment (excluding farmers) and total retail sales of social consumer goods in the past year. The revised results and the first quarter GDP of 2018 and the other indicators of March are as follows:

The growth rate of GDP in each quarter of 2017 and the first quarter of 2018 was 1.5%, 1.8%, 1.8%, 1.6% and 1.4%, respectively.


Other indicator ring ratio data sheet

Growth rate of industrial added value above designated size (%)Fixed asset investment (excluding farmers) growth rate (%)The growth rate of total retail sales of social consumer goods (%)
March 20170.760.610.85
April0.440.600.76
May0.500.590.79
June0.760.610.92
July0.400.600.78
August0.450.600.83
September0.560.590.92
October0.500.570.81
November0.470.560.89
December0.490.560.79
January 20180.570.570.63
February0.570.580.71
March0.330.570.73


(3) Industrial statistics above designated size are industrial enterprises with annual main business income of 20 million yuan and above.

(4) Service industry production index refers to the output change of the service industry reporting period relative to the base period after the price factor is removed.

(5) The total retail sales of social consumer goods refers to the wholesale enterprises (units) with annual income of 20 million yuan or more, retail enterprises (units) of 5 million yuan or more, and 2 million yuan and above. Accommodation and catering business (unit).

In the same period of last year, the total retail sales of consumer goods was revised according to the results of the third national agricultural census and related system regulations, and the growth rate was calculated according to comparable calibre.

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

The total retail sales of social consumer goods includes online retail sales of physical goods, excluding online retail sales of non-physical goods.

(6) The median per capita disposable income of the national residents refers to the per capita disposable income of all the survey households ranked in the lowest order according to the per capita disposable income level.

(7) Rural labor force for migrant workers refers to the rural labor force who is employed outside the township area where the household registration is located.

(8) Import and export data comes from the General Administration of Customs.

(9) Due to the rounding of some data, there is a case where the total and the total of the sub-items are different.

  Drawing

Published on 2018-04-17 10:01:10
                            it works,
Published on 2018-04-17 10:01:13
                            Good
Published on 2018-04-17 10:01:14
                            Strong motherland
Published on 2018-04-17 10:01:24
                            Good
Published on 2018-04-17 10:01:27
                            Oh, what is the reason for every day's growth?
Published on 2018-04-17 10:01:28
                            very good
Published on 2018-04-17 10:01:28
Published on 2018-04-17 10:01:36
                            In line with expectations
Published on 2018-04-17 10:01:38
                            Three or six!
Published on 2018-04-17 10:01:39
                            How does the stock market not rise?
Published on 2018-04-17 10:01:41
                            so what? The stock market is not still falling into a dog
Published on 2018-04-17 10:01:45
                            Why did the stock market fall into Xiang!
Published on 2018-04-17 10:01:46
Published on 2018-04-17 10:01:49
                            Negative stock market
Published on 2018-04-17 10:01:51
                            Very punctual at 10 o'clock, everyone knows, huh, huh!
Published on 2018-04-17 10:01:52
Published on 2018-04-17 10:01:52
                            This is good, my big A
Published on 2018-04-17 10:01:53
                            I was happy before I didn't touch the stock...
Posted on 2018-04-17 10:02:00
                            Why does the stock market not rise, falling every day?
Published on 2018-04-17 10:02:12
                            Society has improved!
Published on 2018-04-17 10:02:15
                            The situation is very good, that is, the stock market is not good.
Published on 2018-04-17 10:02:17
                            China's economy will continue to maintain growth momentum this year
Published on 2018-04-17 10:02:22
                            Ok, Ok
Published on 2018-04-17 10:02:30
                            Why is the market still falling?
Published on 2018-04-17 10:02:34
                            Start jumping
Published on 2018-04-17 10:02:40
                            Yes, the next quarter is preparing for a bad fight.
Published on 2018-04-17 10:03:03
                            The economy is so good, why does the stock market run counter to one another! ! !
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Source: National Bureau of Statistics Editor: Eastern Fortune Network

Click to view GDP data

China's first-quarter GDP data was released, up 6.8% year-on-year, with a forecast of 6.8%, 6.8% in the fourth quarter of last year and 6.9% last year.

In March, the added value of industrial enterprises above designated size increased by 6.0% year-on-year, with an expected 6.3%.

The total retail sales of consumer goods in March increased by 10.1% year-on-year, with an expected 9.7%.

From January to March, urban fixed asset investment increased by 7.5% year-on-year, with an expected 7.7% and a previous value of 7.9%.

The power generation in March was 528.3 billion kWh, a year-on-year increase of 2.1%, and a year-on-year increase of 11.0% in January-February.

In the first quarter, real estate development investment was 2.13 trillion yuan, a year-on-year increase of 10.4%, and the growth rate reached a three-year high, 0.5 percentage points higher than that in January and February. In the first quarter, the sales of commercial housing was 2.56 trillion yuan, a year-on-year increase of 10.4%, and the growth rate dropped by 4.9 percentage points. In the first quarter, the sales area of ​​commercial housing was 30.88 million square meters, a year-on-year increase of 3.6%, and the growth rate dropped by 0.5 percentage points. In the first quarter, the newly started housing area was 34.615 million square meters, an increase of 9.7% year-on-year, and the growth rate increased by 6.8 percentage points.

From January to March, the national urban survey unemployment rate was 5.0%, 5.0%, and 5.1%, respectively, down 0.2, 0.4, and 0.1 percentage points from the same month last year.

  The national economy achieved a good start in the first quarter

Since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping as the core, all localities and departments have adhered to the general tone of steady progress, adhered to the new development concept, and built a modern economic system in accordance with the requirements for promoting high-quality development. Implementation, the national economy continued to develop steadily and steadily, the transformation and upgrading steadily advanced, the quality and efficiency continued to improve, and the economic operation started well.

According to preliminary calculations, the gross domestic product in the first quarter was 1987.83 billion yuan, which was calculated at comparable prices and increased by 6.8% year-on-year. In terms of industries, the added value of the primary industry was 890.4 billion yuan, up 3.2% year-on-year; the added value of the secondary industry was 77.51 billion yuan, up 6.3%; the added value of the tertiary industry was 1,12428 billion yuan, up 7.5%.

  First, the agricultural production situation is better

In the first quarter, the output of pig, beef, sheep and poultry was 23.16 million tons, an increase of 1.8% year-on-year; among them, pork production was 15.43 million tons, an increase of 2.1%. The number of live pigs was 41.523 million, down 1.2% year-on-year; the number of live pigs was 98,300, an increase of 1.9%. In March, the climatic conditions of the major agricultural areas in the country were generally favorable. Most of the rural areas had suitable sunshine and lyrics, and spring ploughing and spring sowing progressed smoothly.

  Second, industrial production is generally stable

In the first quarter, the added value of industrial enterprises above designated size increased by 6.8% year-on-year, and the growth rate dropped by 0.4 percentage points from January to February, which was the same as that of the same period of the previous year. In terms of economic types, the value-added of state-owned holding enterprises increased by 7.9%, collective enterprises increased by 0.1%, joint-stock enterprises increased by 7.0%, and foreign-invested enterprises of Hong Kong, Macao and Taiwan increased by 5.5%. In terms of three categories, the added value of the mining industry increased by 0.9% year-on-year, the manufacturing industry increased by 7.0%, and the electricity, heat, gas and water production and supply industries increased by 10.8%. New industries and new products are developing rapidly. The added value of high-tech industries and equipment manufacturing industry increased by 11.9% and 8.8% respectively, which was faster than the above-scale industries by 5.1 and 2.0 percentage points respectively. The output of integrated circuits increased by 15.2% year-on-year, new energy vehicles increased by 139.4%, and industrial robots increased by 29.6%. The ratio of production and sales of industrial enterprises above designated size reached 97.9%, an increase of 0.3 percentage points over the same period of the previous year. In March, the added value of industrial enterprises above designated size increased by 6.0% year-on-year and 0.33% quarter-on-quarter. In March, the manufacturing purchasing managers index was 51.5%, an increase of 1.2 percentage points from the previous month.

In January-February, the national total industrial enterprises realized a total profit of 968.9 billion yuan, a year-on-year increase of 16.1%; the profit rate of the main business income of industrial enterprises above designated size was 6.1%, an increase of 0.33 percentage points over the same period of the previous year.

  Third, the service industry is growing rapidly

In the first quarter, the national service industry production index increased by 8.1% year-on-year, and the growth rate was 0.1 percentage points higher than that in January and February, down 0.2 percentage points from the same period of the previous year. Among them, information transmission, software and information technology services, leasing and business services industry maintained rapid growth. In March, the national service industry production index increased by 8.3% year-on-year, 0.3 percentage points faster than that of January and February, and was the same as the same period of the previous year. In the first two months of this year, the operating income of service enterprises above designated size increased by 14.1% year-on-year, 0.7 percentage points higher than the same period of the previous year.

In March, the service industry business activity index was 53.6%, a slight decrease of 0.2 percentage points from the previous month, but still higher than the previous year's average. The business activity index of railway transportation industry, air transportation industry, postal express industry, telecommunication radio and television and satellite transmission services, Internet software information technology services, monetary and financial services, capital market services, insurance and other industries are all at 55.0% and above. Boom range. From the market expectation, the service industry's business activity expectation index is 60.1%, which is higher than 60.0% for 10 consecutive months.

  Fourth, the growth rate of private investment accelerated

In the first quarter, the country's fixed asset investment (excluding farmers) was 100.763 billion yuan, a year-on-year increase of 7.5%. The growth rate dropped by 0.4 percentage points from January to February, down 1.7 percentage points from the same period of the previous year. Among them, private investment was 6.2386 trillion yuan, an increase of 8.9%, 0.8 percentage points faster than that of January and February, and 1.2 percentage points higher than the same period of the previous year. In terms of industries, the investment in the primary industry was 290 billion yuan, an increase of 24.2%; the investment in the secondary industry was 358.13 billion yuan, an increase of 2.0%, of which manufacturing investment increased by 3.8%; investment in the tertiary industry was 620 billion yuan, an increase of 10.0%, of which the basis Facility investment increased by 13.0%. Investment in high-tech manufacturing increased by 7.9% year-on-year, and the growth rate was 0.4 percentage points faster than the total investment. From a ring comparison, fixed asset investment (excluding farmers) increased by 0.57% in March from the previous month.

  5. The area of ​​commercial housing for sale continues to decrease

In the first quarter, the national real estate development investment was 2,212.9 billion yuan, a year-on-year increase of 10.4%. The growth rate was 0.5 percentage points higher than that in January and February, and 1.3 percentage points higher than the same period of the previous year, of which residential investment increased by 13.3%. The newly started construction area of ​​the house was 34.615 million square meters, an increase of 9.7% year-on-year, of which the newly started residential area increased by 12.2%. The sales area of ​​commercial housing nationwide was 30.88 million square meters, an increase of 3.6%, of which residential sales area increased by 2.5%. The sales of commercial housing in the country was 2.5597 trillion yuan, an increase of 10.4%, of which residential sales increased by 11.4%. The land acquisition area of ​​real estate development enterprises was 38.02 million square meters, an increase of 0.5% year-on-year. At the end of March, the sales area of ​​commercial housing in the country was 573.29 million square meters, a decrease of 11.38 million square meters from the end of last month. In the first quarter, real estate development enterprises received funds of 367.7 billion yuan, a year-on-year increase of 3.1%.

  Sixth, market sales continue to be active

In the first quarter, the total retail sales of consumer goods reached 902.75 billion yuan, a year-on-year increase of 9.8%. The growth rate was 0.1 percentage points higher than that in January and February, and 0.2 percentage points lower than the same period of the previous year. According to the location of the business unit, the retail sales of urban consumer goods was 770.96 billion yuan, up 9.7%; the retail sales of rural consumer goods was 1,137.9 billion yuan, up 10.7%. According to the type of consumption, the catering revenue was 971.1 billion yuan, up 10.3%; the retail sales of goods was 805.64 billion yuan, up 9.8%. Sales of consumer upgraded goods grew rapidly. The cosmetics, household appliances and audio-visual equipment products above designated size increased by 16.1% and 11.4% respectively, up 6.2 and 3.4 percentage points respectively over the same period of the previous year. In March, the total retail sales of consumer goods increased by 10.1% year-on-year, 0.4 percentage points faster than that of January and February, and increased by 0.73% from the previous month.

In the first quarter, the national online retail sales amounted to 193.8 billion yuan, a year-on-year increase of 35.4%, an increase of 3.3 percentage points over the same period of the previous year. Among them, the online retail sales of physical goods was 1,456.7 billion yuan, up 34.4%, accounting for 16.1% of the total retail sales of consumer goods, up 3.7 percentage points year-on-year; the online retail sales of non-physical goods was 475.1 billion yuan, up 38.7%.

  7. The trade surplus has narrowed sharply

In the first quarter, the total volume of imports and exports of goods was 675.16 billion yuan, a year-on-year increase of Among them, exports were 3.5389 billion yuan, up 7.4%; imports were 322.7 billion yuan, up 11.7%. The import and export offset, with a surplus of 326.2 billion yuan, a 21.8% narrower than the same period last year. The structure of the trade pattern was further optimized. The import and export of general trade increased by 13.2%, accounting for 58.3% of the total import and export volume, an increase of 2.0 percentage points over the same period of the previous year. Mechanical and electrical products remained the main exporter, and exports of mechanical and electrical products increased by 9.5%, accounting for 59.4% of total exports. The import and export of the top three trading partners continued to grow. China’s imports and exports to the EU, the US and ASEAN increased by 8.2%, 6.3% and 13.7% respectively. The import and export of some countries with the “Belt and Road” increased well. Imports and exports in Poland and Kazakhstan increased by 20.5%, 16.6% and 16.2% respectively. In March, the total volume of imports and exports was 2,245.3 billion yuan, down 2.5% year-on-year. Among them, exports were 110.78 billion yuan, down 9.8%; imports were 1,137.5 billion yuan, up 5.9%.

In the first quarter, the export delivery value of industrial enterprises above designated size reached 2,714.5 billion yuan, a year-on-year increase of 7.6%. In March, industrial enterprises above designated size achieved an export delivery value of 101.6 billion yuan, an increase of 4.0%.

  Eight, the market price rise is moderate

In the first quarter, the national consumer price rose by 2.1% year-on-year, a drop of 0.1 percentage points from January to February and an increase of 0.7 percentage points over the same period of the previous year. Among them, the city rose 2.2%, and the rural rose 2.0%. In terms of categories, food and tobacco prices rose by 1.9% year-on-year, clothing rose by 1.2%, housing rose by 2.4%, household goods and services rose by 1.6%, transportation and communications rose by 0.7%, education culture and entertainment rose by 2.2%, and health care rose by 6.0. %, other supplies and services rose 1.4%. In the price of food, tobacco and alcohol, the price of food rose by 1.1%, the price of pork fell by 9.9%, and the price of fresh vegetables rose by 6.6%. In March, the national consumer price rose by 2.1% year-on-year, a 0.8 percentage point drop from the previous month and a decrease of 1.1% from the previous month.

In the first quarter, the ex-factory price of industrial producers nationwide rose by 3.7% year-on-year, and the growth rate dropped by 0.3 percentage points from January to February, down 3.7 percentage points from the same period of the previous year. In March, the ex-factory price of industrial producers nationwide rose by 3.1% year-on-year, which was 0.6 percentage points lower than that of the previous month and 0.2% lower than the previous month. In the first quarter, the purchase price of industrial producers nationwide rose by 4.4% year-on-year; in March, it rose by 3.7% year-on-year and 0.3% quarter-on-quarter.

  9. The employment situation is generally stable

From January to March, the national urban survey unemployment rate was 5.0%, 5.0%, and 5.1%, respectively, down 0.2, 0.4, and 0.1 percentage points from the same month of the previous year; the urban and rural unemployment rates in 31 major cities were 4.9% and 4.8%, respectively. And 4.9%, respectively, down 0.1, 0.2 and 0.1 percentage points from the same month of the previous year. At the end of the first quarter, the total number of rural laborers who went out to work was 174.41 million, an increase of 1.88 million over the same period of the previous year, an increase of 1.1%.

  X. Residents' income has increased steadily

In the first quarter, the per capita disposable income of the national residents was 7,815 yuan, a nominal increase of 8.8% year-on-year, and a real increase of 6.6% after deducting the price factor. According to the permanent residence, the per capita disposable income of urban residents was 10,781 yuan, and the actual increase of 5.7% after deducting the price factor; the per capita disposable income of rural residents was 4,226 yuan, and the actual increase of 6.8% after deducting the price factor. The per capita income of urban and rural residents was 2.55, which was 0.02 less than the same period of the previous year. The median per capita disposable income of the national residents was 6,580 yuan, a nominal increase of 8.5% year-on-year.

  XI. The transformation and upgrading have achieved remarkable results.

The structural reform of the supply side was solidly advanced. In the first quarter, the national industrial capacity utilization rate was 76.5%, an increase of 0.7 percentage points over the same period of the previous year. The effect of destocking was outstanding. At the end of March, the area of ​​commercial housing for sale decreased by 16.7%. The effect of de-leveraging continued to show. At the end of February, the asset-liability ratio of industrial enterprises above designated size was 56.3%, down 0.8 percentage points year-on-year. The cost of the real economy continued to decrease. The cost per 100 yuan of main business income of industrial enterprises above designated size in January-February was 83.98 yuan, a decrease of 0.33 yuan year-on-year. The investment in the short-board sector grew rapidly. In the first quarter, the ecological protection and environmental management industry, public facilities management industry and agricultural investment increased by 34.2%, 13.4% and 25.4% respectively, which were faster than the total investment of 26.7, 5.9 and 17.9 percentage points respectively.

The economic structure continues to be optimized. In the first quarter, the contribution rate of the tertiary industry's added value to GDP growth was 61.6%, which was 25.5 percentage points higher than the secondary industry. The contribution rate of final consumption expenditure to economic growth was 77.8%, which was higher than the total capital formation by 46.5 percentage points. New kinetic energy grows rapidly. In the first quarter, there were 1.323 million new registered enterprises nationwide, an increase of 5.4% year-on-year, and 14,700 new daily registered enterprises. The added value of industrial strategic emerging industries increased by 9.6% year-on-year, 2.8 percentage points faster than the above-scale industries. Green development has steadily advanced. In the first quarter, energy consumption per unit of GDP fell by 3.2% year-on-year.

In general, in the first quarter, the national economy continued to develop steadily and steadily, and the favorable conditions for supporting the economy towards high-quality development continued to accumulate, laying a good foundation for the stable and healthy development of the economy throughout the year. However, we must also see that the international environmental uncertainty has risen, and the problem of insufficient domestic development imbalance is still outstanding, and the task of reform and development is arduous. In the next stage, we should take Xi Jinping's new era of socialism with Chinese characteristics as the guide, comprehensively implement the spirit of the 19th National Congress of the Communist Party of China and the Central Economic Work Conference, follow the government's work report, adhere to the overall tone of the work, and implement the new development concept. We will deepen the structural reform of the supply side, vigorously implement innovation-driven, further expand reform and opening up, enhance the development of endogenous power, guide stable expectations, and promote sustained and healthy economic development.

  Note

(1) The gross domestic product, the added value of industrial enterprises above designated size and the growth rate of its classified items are calculated at comparable prices, which is the actual growth rate; other indicators, unless otherwise specified, are calculated at current prices and are nominal growth rates.

(2) According to the seasonal adjustment model, the results of automatic correction will be revised for the growth rate of GDP, industrial added value above designated size, fixed assets investment (excluding farmers) and total retail sales of social consumer goods in the past year. The revised results and the first quarter GDP of 2018 and the other indicators of March are as follows:

The growth rate of GDP in each quarter of 2017 and the first quarter of 2018 was 1.5%, 1.8%, 1.8%, 1.6% and 1.4%, respectively.


Other indicator ring ratio data sheet

Growth rate of industrial added value above designated size (%)Fixed asset investment (excluding farmers) growth rate (%)The growth rate of total retail sales of social consumer goods (%)
March 20170.760.610.85
April0.440.600.76
May0.500.590.79
June0.760.610.92
July0.400.600.78
August0.450.600.83
September0.560.590.92
October0.500.570.81
November0.470.560.89
December0.490.560.79
January 20180.570.570.63
February0.570.580.71
March0.330.570.73


(3) Industrial statistics above designated size are industrial enterprises with annual main business income of 20 million yuan and above.

(4) Service industry production index refers to the output change of the service industry reporting period relative to the base period after the price factor is removed.

(5) The total retail sales of social consumer goods refers to the wholesale enterprises (units) with annual income of 20 million yuan or more, retail enterprises (units) of 5 million yuan or more, and 2 million yuan and above. Accommodation and catering business (unit).

In the same period of last year, the total retail sales of consumer goods was revised according to the results of the third national agricultural census and related system regulations, and the growth rate was calculated according to comparable calibre.

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

The total retail sales of social consumer goods includes online retail sales of physical goods, excluding online retail sales of non-physical goods.

(6) The median per capita disposable income of the national residents refers to the per capita disposable income of all the survey households ranked in the lowest order according to the per capita disposable income level.

(7) Rural labor force for migrant workers refers to the rural labor force who is employed outside the township area where the household registration is located.

(8) Import and export data comes from the General Administration of Customs.

(9) Due to the rounding of some data, there is a case where the total and the total of the sub-items are different.

  Drawing