Chongqing's economic performance data for January to May has been released: Value added in the motorcycle sector increased by 12.9% year-on-year

On June 17, the Municipal Bureau of Statistics released the city's economic performance data for the January to May period of this year. During this period, the value added of industrial enterprises above designated size in the city increased by 3.8% year-on-year, of which the value added of the motorcycle sector grew by 12.9% year-on-year, and the sales rate of industrial products reached 96.3%.

By industry sector, from January to May, the value added of the motorcycle sector increased by 12.9% year-on-year; equipment sector grew by 9.9%; the pharmaceutical sector rose by 9.4%; the electronics sector increased by 6.2%; the consumer goods sector grew by 3.1%; the automobile sector rose by 2%; and the materials sector increased by 1.4%. In contrast, the energy sector decreased by 1.4%.

In terms of output of major industrial products, from January to May, our city’s motorcycle production increased by 48.9% year-on-year, LCD display production rose by 10.6%, and mobile phone production grew by 2.9%, while automobile production fell by 7.5%; among these, new energy vehicle production increased by 5.2%.

In terms of investment, from January to May, the city's fixed asset investment decreased by 0.9% year-on-year. By industry sector, investment in the primary industry rose by 24.4% year-on-year, the secondary industry increased by 3.8%, while the tertiary industry fell by 3.6%. By field, infrastructure investment grew by 1.9% year-on-year, industrial investment increased by 4.2%, and real estate development investment decreased by 15.7%.

In terms of consumption, during the same period, the city's total retail sales of consumer goods reached RMB 692.595 billion, increased by 1.8% year-on-year. Among major commodities, retail sales of sporting and entertainment products grew by 17.9%; communication equipment by 15.2%; Chinese and Western pharmaceuticals by 9.1%; clothing, footwear, hats and textiles by 6.3%; petroleum and related products by 4.5%; and tobacco and liquor by 4.4%.

In terms of prices, the city's consumer price index (CPI) rose by 1.3% year-on-year in the January to May period. Among the eight major categories of goods and services, prices showed "six rises and two declines": prices for miscellaneous goods and services increased by 8.7%; healthcare by 5.8%; daily necessities and services by 2.8%; transportation and communication by 2.4%; education, culture and entertainment by 1.6%; and clothing by 1.4%; while prices for food, tobacco, alcohol, and dining out fell by 0.2%, and housing prices declined by 0.9%.

In addition, from January to May, the city's producer price index (PPI) for industrial products rose by 0.7% year-on-year, and the purchasing price index for industrial producers increased by 1.3%.

Source: Chongqing Daily