GDP growth of 4% year-on-year! Guangdong's economy achieved a good start in the first quarter
2023-04-24
On April 23rd, the Guangdong Provincial Bureau of Statistics released economic performance data for the first quarter. According to the unified calculation of regional gross domestic product, in the first quarter, Guangdong achieved a regional gross domestic product of 3017.823 billion yuan, a year-on-year increase of 4.0%. Among them, the added value of the primary industry was 103.906 billion yuan, an increase of 4.1%; The added value of the secondary industry was 1114.135 billion yuan, an increase of 2.4%; The added value of the tertiary industry was 1799.783 billion yuan, an increase of 5.0%. The Provincial Bureau of Statistics pointed out that based on the data from the first quarter, Guangdong has made every effort to promote the overall improvement of economic operation, and the main economic indicators have stabilized and rebounded, achieving a good start. Looking at production: The first, second, and third industries have collaborated and entered the first quarter. Guangdong's agricultural production has steadily increased, industrial production has turned positive, and service industry production has rapidly rebounded. Specifically, in the first quarter, the production of vegetables and edible mushrooms in Guangdong increased by 2.6% year-on-year; The yield of garden fruits increased by 2.5%. 9.9193 million pigs were sold, with a total of 20.7577 million pigs remaining at the end of the season. The production capacity of pigs has returned to normal. As an important pillar of the economy, industry has achieved full employment. In the first quarter, the added value of industries above designated size in Guangdong was 0.90 trillion yuan, a year-on-year increase of 1.4%, an increase of 2.9 percentage points compared to January February. There has been a more significant rebound in the tertiary industry. In the first quarter, the added value of Guangdong's service industry increased by 5.0% year-on-year, and its contribution to economic growth increased from 0.7 percentage points in the previous year to 3.0 percentage points. Among them, the operational situation of the contact aggregation service industry has significantly improved, with passenger volume and passenger turnover increasing by 48.4% and 65.8% respectively, with growth rates 22.2 and 27.2 percentage points higher than those from January to February; The added value of the accommodation and catering industry increased by 13.9%, with the largest growth rate among various service industries. Looking at the driving force: The added value of advanced manufacturing industry accounts for half of the fixed investment and the growth of added value of advanced manufacturing industry, bringing a new engine for the development of Guangdong's economy. In the first quarter, fixed assets investment in Guangdong increased by 7.4% year on year, 2.7 percentage points faster than that from January to February, and 10 percentage points higher than that of the whole year of last year. Among them, industrial investment increased by 29.4% and infrastructure investment increased by 13.4%, both achieving double-digit growth. In the first quarter, the added value of Guangdong's advanced manufacturing industry increased by 1.1% year-on-year, accounting for 55.0% of the added value of industries above designated size in the province; Among them, new energy equipment increased by 21.8%, intelligent manufacturing equipment increased by 9.5%, and intelligent energy-saving home appliances increased by 7.5%. The investment in high-tech manufacturing in the province increased by 35.1%, among which the investment in electronic and communication equipment manufacturing increased by 38.5%, the investment in pharmaceutical manufacturing increased by 34.9%, and the investment in medical equipment and instrument manufacturing increased by 29.9%. Investment in advanced manufacturing increased by 30.5%, of which investment in equipment manufacturing increased by 36.1%. Looking at demand: The total retail sales of consumer goods in Guangdong increased by 5.1% year-on-year. In the first quarter, the total retail sales of consumer goods in Guangdong reached 1.18 trillion yuan, a year-on-year increase of 5.1%, an increase of 3.3 percentage points compared to January February. Retail sales of urban consumer goods by location of business unit
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