In May Chinese economy report: Consumption, investment drops close further narrow

In May Chinese economy report: Consumption, investment drops close further narrow

Tian Jin of reporter of economic observation network on June 15, national statistic bureau is announced national economy ran data May. Data shows, social consumable total volume of retail sales and fixed assets investment dropped May all close further narrow. Since this year, social consumable total volume of retail sales all is in negative growth condition every months, fall every months compared to the same period nevertheless appear to control narrow state ceaselessly. Specific in light of, meal and circumstance of accommodation already battalion were improved somewhat May, infrastructure investment drops compared to the same period 6.3% , fall close than 1-4 month narrow 5.5 percent.

Consumption

Data shows, may, social consumable total volume of retail sales three thousand one hundred and ninety-seven billion three hundred million yuan, drop compared to the same period 2.8% (deduct price element to drop actually 3.7% , outside dividing special specification below, all grow for name) , fall than going up the month closes narrow 4.7 percent. Among them, divide the consumable turnover beyond the car two thousand eight hundred and fifty-nine billion seven hundred million yuan, drop 3.5% .

Say via managing statistical Shi Zhangmin is unscrambled outside commerce of national statistic bureau, prevent as countrywide epidemic situation accuse a situation to last to good, the dweller goes out shop to be accelerated with repast activity restore, market sale is successive 3 months improve. Among them, partial consumption upgrades kind of commodity maintain rapidder growth. May, car of limitation above unit kind commodity turnover grows 3.5% compared to the same period, add fast for in May 2018 since the portion second high cost, live kind of commodity turnover by fall turn litre.

On particular industry, meal and circumstance of accommodation already battalion are improved somewhat. May, meal income falls compared to the same period 18.9% , closed considerably April narrow on the foundation of 15.7 percent, fall continue to close narrow 12.2 percent; Sell outside wait for meal to serve rapid growth, the meal income that limitation above lodged May and meal estate company realizes through public network grows more than 20% compared to the same period. Look from guest room income, may, income of guest room of company of estate of limitation above accommodation falls narrower than closing April about 10 percent.

Chief economist Pan is opposite galactic negotiable securities eastwards economic observation net expresses: "May, goods is retail two thousand eight hundred and ninety-five billion nine hundred million yuan, drop compared to the same period 0.8% , turnover is adjacent last year level of the corresponding period, but meal income still falls compared to the same period 18.9% , have bigger rehabilitate space. Appearing below the circumstance that large area of domestic epidemic situation erupts 2 times, future consumes hopeful to continue to improve, main reason depends on, goods of current limit above is retail add fast the normal level before be close to epidemic situation basically, but goods is retail under meal and limitation the normal level before be apart from epidemic situation still has bigger difference, as consumer panic mentality gradually retire, this part consumes future to still have space of compensation formula rehabilitate. This part consumes future to still have space of compensation formula rehabilitate..

Investment

Data shows, 1-5 month, countrywide fixed assets invests (do not contain farmer) nineteen thousand nine hundred and nineteen billion four hundred million yuan, drop compared to the same period 6.3% , fall than 1, closed April narrow 4 percent. Among them, civilian fixed assets invests eleven thousand two hundred and twenty-three billion two hundred million yuan, drop 9.6% , fall close narrow 3.7 percent. Look than speed from annulus, fixed assets invested May (do not contain farmer) grow 5.87% .

Pan Xiangdong expresses to this analysis, in pure inside need + below policy support, capital construction and estate invest or will drive investment to add fast continue to restore. Current and character, the estate in fixed assets investment and capital construction investment take the lead in repair, main reason is epidemic situation after improving, bldg. works accelerate, impose monetary policy exceeding and comfortable and finance policy strength is increased, estate and capital construction only month are added fast return relatively normal level.

Investment of national statistic bureau manages presiding statistic Shi Dingyong is unscrambled say, get as domestic epidemic situation effective control and economic society order restore in order, in a series of certain investment the action of policy falls, investment project construction is accelerated continuously, investment drops successive 3 months close narrow, investment of domain of hi-tech industry, society is added fast all by negative become a full member. Look from relevant index, continuance of prospective investment hopeful picks up to good posture.

To investing a trend next, because landed complete remains two digit to fall,Pan Xiangdong expresses, below the pressure that make a room, intensity of construction of room look forward to can promote, overlay money is loose next rooms borrow interest rate to drop steadily the exciting demand that buy a house is answered quickly fill, predicting estate investment adds fast meeting to continue repair. As special debt large-scale issue, support of follow-up finance policy, new capital construction is advanced considerably, rehabilitate of investment of follow-up capital construction still is opposite determinism clew.

Unemployment rate

In obtain employment respect, may, unemployment rate of countrywide town investigation is 5.9% , drop than April 0.1 percent; Among them 25-59 year old nose-count unemployment rate is 5.4% , drop 0.1 percent. Unemployment rate of investigation of town of 31 big cities is 5.9% , rise than April 0.1 percent.

Data of national statistic bureau shows, since this year, unemployment rate rises apparent. 1 to April, unemployment rate of countrywide town investigation is respectively 5.3% , 6.2% , 5.9% , 6.0% . In light of contrast, unemployment rate of investigation of town of each months of whole nation all maintained 2019 between 5.0%-5.3% .

Working report of the government before this puts forward to anticipate town investigated unemployment rate to be 2020 6% the left and right sides. Zheng Bingwen expresses to economic observation net before this: "It is good that 6% right-and-left towns investigate what unemployment rate target imagines than me to want much, because portion town surveyed unemployment rate in April 2020,had been 6.0% , obtain employment situation was close friends than April for certain May, that is to say unemployed April circumstance is afraid also inquire for bottom. That is to say unemployed April circumstance is afraid also inquire for bottom..

On April 17, before this " 6 firm " on the foundation, conference of central the Political Bureau also puts forward first " 6 protect " -- maintain dweller obtain employment, protect basic the people's livelihood, keep market principal part, protect security of food the sources of energy, protect industrial catenary to supply chain stable, keep basic level movement, obtain employment is put in the first place again.

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