In August, the national economy continued to recover and develop and most indicators were better than the previous month’s China Daily

On September 16, the National Statistical Office released data on the functioning of the national economy in August. Data shows that in August the national economy continued to recover and develop, production demand grew steadily, labor prices remained generally stable, most of the indicators were better than the previous month, and the leading indicators they have generally improved.

Statistics show that industrial production has increased and the service sector has continued to recover. In August, the value added of industries above the designated size increased 4.2% year on year, 0.4 percentage points higher than the previous month; increased by 0.32% on a monthly basis; the national service sector production index increased 1.8% yoy, 1.2 percentage points higher than the previous month.

In terms of consumption, investment and imports and exports, market sales increased in August, with total retail sales of consumer goods reaching 3.625.8 billion yuan, up 5.4% year-over-year. , 2.7 percentage points higher than the previous month; investments increased steadily, from January to August, the national investment in fixed assets (excluding farmers) was 36.710.6 billion yuan, a year-over-year increase of 5.8%, 0.1 percentage points faster of that from January to July; import and export of goods continued to grow. From January to August, total import and export of goods was 27.302.6 billion yuan, up 10.1% year-over-year .

As regards people’s livelihoods, the employment situation was generally stable in August and the consumer price remained substantially stable. The unemployment rate surveyed in urban areas nationwide was 5.3%, down 0.1 percentage points from the previous month; the national consumer price (CPI) rose 2.5% year-on-year and the increase fell 0.2 percentage points from the previous month. From January to August, 8.98 million new jobs were created in urban areas across the country; the national consumer price increased by 1.9% on an annual basis.

(Shi Lanna)

[Direttore responsabile: Cao Yuanqing]

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