National Bureau of Statistics: The national economy continued to rebound and improve in November
2023-12-15
The continuous efforts of macroeconomic regulation policies have shown remarkable results, with stable production and supply, continuous improvement in market demand, overall stability in employment and prices, strong and effective protection of people's livelihoods, solid progress in transformation and upgrading, and sustained consolidation of the positive economic recovery trend. 1、 The agricultural production situation is good, and the grain output has reached a new high. The total national grain output for the year was 139.08 billion kilograms, an increase of 17.76 billion kilograms or 1.3% compared to the previous year, and has remained stable at over 1.3 trillion kilograms for nine consecutive years. Among them, the autumn grain production was 1041.8 billion kilograms, an increase of 19.84 billion kilograms or 1.9% compared to the previous year. The national grain production reached 1282.9 billion catties, an increase of 1.3%; The production of legumes reached 47.7 billion kilograms, an increase of 1.4%, with soybean production increasing by 2.8%. The planting area of grain has increased and the yield per unit area has increased. The national grain sowing area is 1.785 billion mu, an increase of 9.546 million mu or 0.5% compared to the previous year; The grain yield per mu is 389.7 kilograms, an increase of 2.9 kilograms per mu, or 0.8%. Autumn and winter sowing have been smoothly promoted, and timely sowing has been basically achieved. The sowing area of winter wheat has remained stable, and the overall growth is good. 2、 The recovery of industrial production has accelerated, and the equipment manufacturing and high-tech manufacturing industries have rebounded. In November, the added value of industries above designated size in China increased by 6.6% year-on-year, an increase of 2.0 percentage points compared to the previous month; A month on month increase of 0.87%. Looking at the three major categories, the added value of the mining industry increased by 3.9% year-on-year, the manufacturing industry increased by 6.7%, and the production and supply of electricity, heat, gas, and water increased by 9.9%. The added value of the equipment manufacturing industry increased by 9.8% year-on-year, which is 3.6 percentage points faster than the previous month; The added value of high-tech manufacturing increased by 6.2%, accelerating by 4.4 percentage points. In terms of economic types, the added value of state-owned holding enterprises increased by 7.3% year-on-year; Joint stock enterprises saw a growth of 7.2%, while foreign-invested enterprises from Hong Kong, Macao, and Taiwan saw a growth of 4.4%; Private enterprises grew by 5.2%. By product, the production of solar cells, service robots, and integrated circuit products increased by 44.5%, 33.3%, and 27.9% year-on-year, respectively. From January to November, the added value of industries above designated size in China increased by 4.3% year-on-year, which is 0.2 percentage points faster than the period from January to October. From January to October, the total profit of industrial enterprises above designated size nationwide decreased by 7.8% year-on-year, which is 1.2 percentage points narrower than that of January to September; In October, it increased by 2.7%, marking the third consecutive month of growth. In November, the Purchasing Managers Index for the manufacturing industry was 49.4%, and the expected index for enterprise production and operation activities was 55.8%. 3、 The service industry is growing rapidly, and the contact oriented cluster service industry is recovering rapidly. In November, the national service industry production index increased by 9.3% year-on-year, an increase of 1.6 percentage points compared to the previous month. By industry
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：economic daily
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