From January to February, industrial production continued to rebound, and the growth of automobile sales rebounded_accounting for social_year-on-year growth_percentage points

Original title: Industrial production continued to pick up from January to February, auto sales growth rebounded

According to data released by the National Bureau of Statistics recently, from January to February, the added value of industries above designated size in the country increased by 7.5% year-on-year, and the growth rate was 3.2 percentage points faster than that in December 2021. The average annual growth rate accelerated by 1.4 percentage points. Relevant persons said that benefiting from the accelerated implementation of a series of policies and measures to boost the operation of the industrial economy and promote high-quality industrial development, industrial enterprises have resumed work and production in an orderly manner after the holiday. From January to February, industrial production continued to pick up month by month since the fourth quarter of last year. The growth rate of production in most industries accelerated, industrial exports continued to grow by double digits, new drivers continued to grow, and the industrial production trend improved.

Data show that from January to February, the added value of high-tech manufacturing above designated size increased by 14.4% year-on-year, and investment in high-tech manufacturing increased by 42.7%, significantly faster than the growth rate of overall manufacturing production and investment. Smart low-carbon products are growing well. From January to February, the output of new energy vehicles, industrial robots and solar cells increased by 150.5%, 29.6% and 26.4% respectively year-on-year. New business forms and new models are growing rapidly. From January to February, the online retail sales of physical goods increased by 12.3% year-on-year, accounting for 22% of the total retail sales of consumer goods.

Since the beginning of this year, market sales have improved significantly, driven by Spring Festival consumption and the Winter Olympics, and the growth rate has rebounded. From January to February, the total retail sales of consumer goods increased by 6.7% year-on-year, 5 percentage points higher than that in December of the previous year. In terms of actual growth after deducting prices, it increased by 4.9%, which was also significantly higher than that in December of last year. Under the epidemic conditions, the demand of residents for short-distance self-driving travel has increased, and the demand for automobile consumption is expanding. At the same time, the “lack of cores” of automobiles in the early stage is easing, and the supply of automobiles is also increasing. Under the combined effect of the two, auto sales growth rebounded. In January-February, retail sales of limited-unit autos increased by 3.9% year-on-year, compared with a 7.4% decline in December last year. Rising oil prices also boosted sales of related oil products. From January to February, the retail sales of petroleum commodities increased by 25.6% year-on-year. Due to the accelerated growth in sales of automobiles and petroleum products, the total retail sales of consumer goods increased by about 2 percentage points from December last year. At the same time, the sales of upgraded commodities also maintained rapid growth, which led to an increase in market sales.

From this year’s point of view, industrial production is accelerating under the policy of promoting the stable operation of the industrial economy. The added value of industrial enterprises above designated size increased by 7.5% year-on-year from January to February, 3.2 percentage points higher than that in December last year. From the perspective of growth, more than 90% of the 41 major industries are growing, and 80% of the industries are growing faster than last December. From January to February, the added value of high-tech manufacturing increased by 14.4% year-on-year, significantly faster than that of all industries. At the same time, production in some key industries is also improving. From January to February, the added value of the automobile manufacturing industry increased by 7.2%, 4.4 percentage points higher than that in December last year; the computer, communication and other electronic equipment manufacturing industries increased by 12.7%, and key industries maintained rapid growth.

Edit: Guojun

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