Reporter Yu Yue
On November 24, the Jinan Municipal Bureau of Statistics released the city’s economic performance from January to October this year. From January to October, the city’s economy rebounded under pressure , Most of the indicators are increasing, and the overall situation is in the process of gradual recovery.
Industrial production continues to recover. From January to October, the added value of industries above designated size increased by 0.3% year-on-year, which was 0.8 percentage points higher than that in the first three quarters. In October, the monthly growth rate was 8.5%, which continued to increase by 0.8 percentage points compared with the previous month, and it has grown rapidly for two consecutive months. Among the 41 major industries, 23 industries achieved a year-on-year increase in added value, with a growth rate of 56.1%, which was the same as that of the first three quarters. High-tech manufacturing grew by 9.1%, 8.8 percentage points higher than the growth rate of industrial added value above designated size.
Investment is under short-term pressure and volatility. From January to October, fixed asset investment fell by 0.2% year-on-year, a drop of 1 percentage point from the previous three quarters. In terms of industries, the primary industry decreased by 12.8%; the secondary industry increased by 13.9%; the tertiary industry decreased by 2.3%. In terms of sectors, industrial investment increased by 13.9 percent, an increase of 0.7 percentage points from the first three quarters, of which investment in industrial technological transformation increased by 1.6 percent. Infrastructure investment increased by 9.5%, which was 1 percentage point higher than that in the first three quarters. Real estate investment fell by 8.3%, a drop of 2.1 percentage points from the first three quarters. The sales floor area of commercial housing decreased by 12.3%, a rate of decline narrowed by 1.8 percentage points compared with the first three quarters.
The consumer market is picking up speed. From January to October, the retail sales of enterprises above designated size reached 142.92 billion yuan, a year-on-year decrease of 2.4%, and the rate of decline narrowed by 0.3 percentage points compared with the previous three quarters. In October, it increased by 0.1%, which was 2.5 percentage points higher than that in September. New consumption grew rapidly. The retail sales of wholesale and retail enterprises above the designated size through public networks increased by 17.7%, and the retail sales of new energy vehicles by enterprises above the designated size increased by 115.3%.
Financial and financial operations are sound. From January to October, the general public budget revenue was 88.43 billion yuan, a year-on-year decrease of 4.7%, and an increase of 4.2% after deducting the tax rebate factor. The general public budget expenditure was 97.55 billion yuan, an increase of 2.2%. At the end of October, the balance of domestic and foreign currency deposits of financial institutions was 2,494.15 billion yuan, an increase of 8.8%; the balance of domestic and foreign currency loans of financial institutions was 2,575.91 billion yuan, an increase of 11.1%.
The growth of import and export is relatively good. From January to October, the total import and export volume was 178.61 billion yuan, an increase of 18.1%. Among them, the total export value was 114.13 billion yuan, an increase of 27.1%; the total import value was 64.48 billion yuan, an increase of 4.9%.
The price level rose moderately. From January to October, the consumer price (CPI) rose by 1.4% accumulatively, and rose by 1.6% in October. In terms of categories, from January to October, the price of food, tobacco and alcohol rose by 2.2%, that of clothing rose by 0.7%, that of housing fell by 0.3%, that of daily necessities and services rose by 1.6%, that of transportation and communication rose by 4.7%, that of education, culture and entertainment rose by 0.4%, and that of health care They rose 0.4 percent, while other goods and services rose 0.6 percent.
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