National Bureau of Statistics: Overall stability and improvement in the national economic performance in May.
According to the Securities Times app, data released by the National Bureau of Statistics show that in May, the added value of industrial enterprises above designated size nationwide increased by 4.5% year-on-year, an increase of 0.4 percentage points from the previous month; month-on-month growth was 0.40%; the production index of the service industry increased by 4.4% year-on-year, an increase of 0.1 percentage points from the previous month. From January to May, the total retail sales of consumer goods and services increased by 2.8% year-on-year, with service retail sales increasing by 5.4% and goods retail sales increasing by 1.2%; the total retail sales of social consumer goods was 2.06031 trillion yuan, a year-on-year increase of 1.4%. From January to May, nationwide fixed asset investment (excluding farmers) was 17.8512 trillion yuan, a year-on-year decrease of 4.1%; fixed asset investment excluding real estate development decreased by 1.2%. The National Bureau of Statistics stated that in May, production supply was stable and ascending, employment and overall prices were stable, foreign trade resilience continued to be demonstrated, new growth engines were growing and strengthening, and the national economy continued to show a overall stable and improving development trend.
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