China Net Finance, May 18 (Reporter Li Chunhui) The National Bureau of Statistics announced the main economic indicators for April on the 17th. In April, the growth rate of industrial production accelerated, employment prices generally improved, high-quality development steadily advanced, and the economic operation continued to pick up and improve.
Analysts believe that in the future, with the issuance of ultra-long-term special treasury bonds, the implementation of large-scale durable consumer goods swaps for new ones, and the implementation of policies to stabilize the property market, the momentum of national economic recovery will be consolidated, and economic growth is expected to accelerate in the second quarter.
Industrial production growth momentum is strong
In April, major economic indicators continued to pick up and improve, showing that "production is faster than demand" in terms of the pace of recovery. Industrial production grew strongly in April, performing best among major economic indicators.
Data from the National Bureau of Statistics showed that in April, the added value of industries above designated size increased by 6.5 percent year-on-yearpenn4000battle3.7%, 2.2 percentage points faster than the previous month; a month-on-month increase of 0.97%, exceeding 80%.penn4000battle3The growth rate of industries and nearly 60% of products rebounded.
"The recovery of external demand has strongly boosted domestic manufacturing production." Wang Qing, chief macro analyst of Orient Jincheng, analyzed that the value of industrial export delivery in April increased by 7.3% year-on-year, and the growth rate accelerated significantly by 5.9 percentage points from the previous month. The increase in export orders has significantly boosted production in related industries. Among them, the added value of the electronic equipment manufacturing industry, which has strong export momentum since the beginning of this year, has increased by 15.6% year-on-year, and the added value of the automobile manufacturing industry has increased by 16.3% year-on-year. The growth rate is 5.0 and 6.9 percentage points respectively compared with the previous month.
Looking to the future, Wang Qing believes that although the increase in the base will have a certain impact on the year-on-year growth rate of industrial production, industrial production will maintain strong actual growth momentum against the background that external demand is expected to continue to pick up in the short term, and this year's economic operation will further return to normalization.
Consumption maintained steady growth
In April, the total retail sales of consumer goods increased by 2.3% year-on-year, down from the previous month, but mainly due to the higher base caused by the staggered holidays.
"Consumption is not weak." Luo Huan, Senior Researcher of the Chief Industrial Research Institute of Guangkai