国家统计局服务业调查中心 中国物流与采购联合会 一、中国制造业采购经理指数运行情况 5月份，制造业采购经理指数（PMI）为49.5%，比上月上升0.5个百分点，制造业景气水平改善。 供应商配送时间指数为50.0%，比上月下降0.2个百分点，位于临界点，表明制造业原材料供应商交货时间与上月基本持平。 表1 中国制造业PMI及构成指数（经季节调整） 单位：% 从企业规模看，大型企业PMI为50.7%，比上月上升1.5个百分点，高于临界点；中型企业PMI为47.5%，比上月下降1.3个百分点，低于临界点；小型企业PMI 为49.3%，比上月上升0.6个百分点，低于临界点。 从分类指数看，在构成制造业PMI的5个分类指数中，生产指数高于临界点，供应商配送时间指数位于临界点，新订单指数、原材料库存指数和从业人员指 数均低于临界点。 生产指数为50.7%，比上月上升0.9个百分点，升至临界点以上，表明制造业企业生产活动有所加快。 新订单指数为49.8%，比上月上升0.6个百分点，表明制造业市场需求景气度回升。 原材料库存指数为47.4%，比上月上升0.4个百分点，低于临界点，表明制造业主要原材料库存量降幅有所收窄。 从业 ...

1—4月份，黑色金属冶炼和压延加工业利润总额169.2亿元。 1—4月份，全国规模以上工业企业实现利润总额21170.2亿元，同比增长1.4%。 1—4月份，规模以上工业企业中，国有控股企业实现利润总额7022.8亿元，同比下降4.4%；股份制企业实现利润总额15596.4亿元， 增长1.1%；外商及港澳台投资企业实现利润总额5429.2亿元，增长2.5%；私营企业实现利润总额5706.8亿元，增长4.3%。 1—4月份，采矿业实现利润总额2875.0亿元，同比下降26.8%；制造业实现利润总额15549.3亿元，增长8.6%；电力、热力、燃气及水 生产和供应业实现利润总额2745.8亿元，增长4.4%。 1—4月份，主要行业利润情况如下：农副食品加工业利润同比增长45.6%，有色金属冶炼和压延加工业增长24.5%，电气机械和器材 制造业增长15.4%，专用设备制造业增长13.2%，通用设备制造业增长11.7%，计算机、通信和其他电子设备制造业增长11.6%，电 力、热力生产和供应业增长5.6%，纺织业增长3.7%，非金属矿物制品业下降1.6%，化学原料和化学制品制造业下降4.4%，汽车制造 业下降5.1%， ...

1—4月份，全国规模以上工业企业实现利润总额21170.2亿元，同比增长1.4%（按可比口径计算，详见附注二）。 1—4月份，规模以上工业企业中，国有控股企业实现利润总额7022.8亿元，同比下降4.4%；股份制企业实现利润总额15596.4亿元，增长1.1%；外商及港澳 台投资企业实现利润总额5429.2亿元，增长2.5%；私营企业实现利润总额5706.8亿元，增长4.3%。 1—4月份，采矿业实现利润总额2875.0亿元，同比下降26.8%；制造业实现利润总额15549.3亿元，增长8.6%；电力、热力、燃气及水生产和供应业实现利润 总额2745.8亿元，增长4.4%。 1—4月份，主要行业利润情况如下：农副食品加工业利润同比增长45.6%，有色金属冶炼和压延加工业增长24.5%，电气机械和器材制造业增长15.4%，专用 设备制造业增长13.2%，通用设备制造业增长11.7%，计算机、通信和其他电子设备制造业增长11.6%，电力、热力生产和供应业增长5.6%，纺织业增长 3.7%，非金属矿物制品业下降1.6%，化学原料和化学制品制造业下降4.4%，汽车制造业下降5.1%，石油和天然气开采业下降6.9%，煤 ...

Core Insights - The monitoring of prices for 50 key production materials across nine categories indicates that in mid-May 2025, 24 products saw price increases, 24 experienced declines, and 2 remained stable [1]. Group 1: Price Changes in Key Categories - In the black metal category, rebar prices increased by 2.5 yuan per ton (0.1%), while ordinary medium plates decreased by 9.4 yuan per ton (-0.3%) [2]. - In the non-ferrous metals category, aluminum ingot prices rose by 487.9 yuan per ton (2.5%), while zinc ingot prices fell by 75.0 yuan per ton (-0.3%) [2]. - Chemical products showed significant price increases, with pure benzene rising by 520.6 yuan per ton (9.3%) and styrene increasing by 583.3 yuan per ton (8.1%) [2]. - In the petroleum and natural gas sector, liquefied natural gas prices dropped by 49.2 yuan per ton (-1.1%), while diesel prices increased slightly by 7.9 yuan per ton (0.1%) [2]. - Coal prices generally decreased, with ordinary mixed coal dropping by 21.9 yuan per ton (-4.3%) [2]. Group 2: Agricultural Products and Inputs - Among agricultural products, the price of rice increased by 27.9 yuan per ton (0.7%), while the price of soybeans rose by 50.2 yuan per ton (1.2%) [3]. - Fertilizer prices showed mixed results, with urea increasing by 19.9 yuan per ton (1.0%), while compound fertilizer prices fell by 12.1 yuan per ton (-0.4%) [3]. - The price of natural rubber rose by 289.6 yuan per ton (2.0%), indicating a positive trend in the forestry sector [3]. Group 3: Monitoring Methodology and Scope - The price monitoring encompasses over 2,000 wholesalers, agents, and distributors across more than 300 trading markets in 31 provinces [6]. - The methodology includes on-site price collection, as well as inquiries via phone, instant messaging, and email [7]. - The price changes are categorized based on percentage fluctuations, with a total of 50 products monitored across nine categories [8].

Core Insights - The latest data from the National Bureau of Statistics indicates stable growth in industrial electricity production in China, with April's output at 711.1 billion kWh, a year-on-year increase of 0.9%, but a slowdown of 0.9 percentage points compared to March [1] - From January to April, the total industrial electricity output reached 29,840 billion kWh, reflecting a year-on-year growth of 0.1% [1] Breakdown by Energy Source - In April, the performance of various energy sources showed mixed results: - Thermal power output decreased by 2.3% year-on-year, consistent with March's decline [1] - Hydropower output turned from growth to a decline of 6.5% year-on-year, compared to a 9.5% increase in March [1] - Nuclear power output grew by 12.4%, but the growth rate slowed by 10.6 percentage points [1] - Wind power output increased by 12.7%, with an acceleration of 4.5 percentage points in growth [1] - Solar power output rose by 16.7%, accelerating by 7.8 percentage points [1] Specific Output Figures - In April, the absolute generation figures were as follows: - Thermal power: 4,491 billion kWh, down 2.3% year-on-year [1] - Hydropower: 786 billion kWh, down 6.5% year-on-year [1] - Nuclear power: 411 billion kWh, up 12.4% year-on-year [1] - Wind power: 975 billion kWh, up 12.7% year-on-year [1] - Solar power: 447 billion kWh, up 16.7% year-on-year [1] Cumulative Data for January to April - For the first four months of the year, the breakdown of electricity generation by source is as follows: - Thermal power: 19,831 billion kWh, down 4.1% year-on-year [2] - Hydropower: 3,012 billion kWh, up 2.2% year-on-year [2] - Nuclear power: 1,585 billion kWh, up 12.7% year-on-year [2] - Wind power: 3,814 billion kWh, up 10.9% year-on-year [2] - Solar power: 1,595 billion kWh, up 19.5% year-on-year [2]

Group 1 - The consumer market in April continued to show stable growth, driven by consumption-boosting policies and a strong performance in the sales of upgrade and green products [1][6] - From January to April, the total retail sales of consumer goods reached 161,845 billion yuan, with a year-on-year growth of 4.7%, and a real growth of 4.9% after excluding price factors [2] - The retail sales in rural areas outpaced urban areas, with a year-on-year growth of 5.1% for county and township markets, accounting for 39.4% of total retail sales [2] Group 2 - The service retail market showed steady growth, with a year-on-year increase of 5.1% from January to April, outpacing the growth of goods retail by 0.4 percentage points [3] - Travel-related consumption saw significant growth, with various service categories such as transportation and leisure services maintaining rapid growth [3] Group 3 - Sales of upgrade and green products remained strong, with jewelry and cosmetics retail sales growing by 25.3% and 7.2% respectively in April [4] - The sales of household appliances and audio-visual equipment increased by 38.8%, while the retail sales of new energy passenger vehicles reached 905,000 units, growing by 33.9% [4] Group 4 - Online retail sales of physical goods grew by 5.8% from January to April, with a 24.3% share of total retail sales, indicating a steady expansion of online consumption [5] - Physical retail stores also experienced stable growth, with a year-on-year increase of 4.4% in retail sales, supported by innovative business models in membership warehouses and convenience stores [5]

| 指 标 | 4月 绝对量 | | 1—4月 | | | --- | --- | --- | --- | --- | | | | 同比增长（%） | 绝对量 | 同比增长（%） | | | （亿元） | | （亿元） | | | 社会消费品零售总额 | 37174 | 5.1 | 161845 | 4.7 | | 其中：除汽车以外的消费品零售额 | 33548 | 5.6 | 147005 | 5.2 | | 其中：限额以上单位消费品零售额 | 14992 | 6.3 | 64082 | 5.9 | | 其中：实物商品网上零售额 | - | - | 39265 | 5.8 | | 按经营地分 | | | | | | 城镇 | 32376 | 5.2 | 140433 | 4.7 | | 乡村 | 4798 | 4.7 | 21412 | 4.8 | | 按消费类型分 | | | | | | 餐饮收入 | 4167 | 5.2 | 18194 | 4.8 | | 其中：限额以上单位餐饮收入 | 1230 | 3.7 | 5197 | 4.4 | | 商品零售额 | 33007 | 5.1 | 143651 | ...

Core Insights - In April, the industrial added value of enterprises above designated size increased by 6.1% year-on-year, with a month-on-month growth of 0.22% [1]. - From January to April, the industrial added value grew by 6.4% year-on-year [1]. Group 1: Industrial Growth by Sector - In April, the mining industry saw a year-on-year increase of 5.7%, manufacturing grew by 6.6%, and the production and supply of electricity, heat, gas, and water increased by 2.1% [3]. - Among 41 major industries, 36 reported year-on-year growth in added value in April [4]. Group 2: Economic Type Performance - In April, state-controlled enterprises' added value grew by 2.9%, while joint-stock enterprises increased by 6.6%, foreign and Hong Kong, Macao, and Taiwan-invested enterprises by 3.9%, and private enterprises by 6.7% [4][7]. - High-tech manufacturing within the manufacturing sector experienced a growth rate of 10.0% in April [7]. Group 3: Key Industry Performance - Notable growth in specific industries includes coal mining and washing at 6.3%, petroleum and natural gas extraction at 4.3%, and food processing at 7.3% [4]. - The automotive manufacturing sector grew by 9.2%, with a significant increase in new energy vehicles at 38.9% [5][10]. Group 4: Product Output and Sales - In April, out of 623 industrial products, 341 saw a year-on-year increase in output, including steel at 12,509 million tons (up 6.6%) and cement at 16,530 million tons (down 5.3%) [5][10]. - The product sales rate for industrial enterprises above designated size was 97.2%, a decrease of 0.2 percentage points year-on-year [6][10]. Group 5: Export Performance - The export delivery value of industrial enterprises reached 12,469 billion yuan, reflecting a nominal year-on-year growth of 0.9% [6][10].

Group 1: Real Estate Development Overview - From January to April, the total construction area of real estate development enterprises reached 620,315 million square meters, a year-on-year decrease of 9.7%. The residential construction area was 431,937 million square meters, down 10.1% [2] - The new construction area for buildings was 17,836 million square meters, a decline of 23.8%, with residential new construction area at 13,164 million square meters, down 22.3% [2] - The completed construction area was 15,648 million square meters, down 16.9%, with residential completed area at 11,424 million square meters, down 16.8% [2] Group 2: New Housing Sales and Inventory - From January to April, the sales area of new commercial housing was 28,262 million square meters, a decrease of 2.8%, with residential sales area down 2.1% [3] - The sales revenue from new commercial housing was 27,035 billion yuan, a decline of 3.2%, with residential sales revenue down 1.9% [3] - As of the end of April, the inventory of unsold commercial housing was 78,142 million square meters, a reduction of 522 million square meters from the end of March, with residential unsold area decreasing by 455 million square meters [6] Group 3: Funding Situation for Real Estate Development - From January to April, the total funds available to real estate development enterprises amounted to 32,596 billion yuan, a year-on-year decrease of 4.1% [7] - Domestic loans accounted for 5,619 billion yuan, an increase of 0.8%, while foreign investment reached 16 million yuan, up 82.0% [7] - Self-raised funds were 10,953 billion yuan, down 6.8%, and personal mortgage loans were 4,518 billion yuan, down 8.5% [7] Group 4: Real Estate Development Prosperity Index - The real estate development prosperity index (National Housing Prosperity Index) stood at 93.86 at the end of April [9]

（2025年5月19日） 国家统计局 4月份，面对外部冲击影响加大、内部困难挑战叠加的复杂局面，在以习近平同志为核心的党中央坚强领导下，各地区各部门认真贯彻落实党中央、国务院 决策部署，坚持稳中求进工作总基调，完整准确全面贯彻新发展理念，加快构建新发展格局，扎实推动高质量发展，加紧实施更加积极有为的宏观政策，有 力有效应对外部冲击，生产需求平稳增长，就业形势总体稳定，新动能积聚成长，国民经济顶住压力稳定增长，延续向新向好发展态势。 一、工业生产较快增长，装备制造业和高技术制造业增势较好 4月份，全国规模以上工业增加值同比增长6.1%，环比增长0.22%。分三大门类看，采矿业增加值同比增长5.7%，制造业增长6.6%，电力、热力、燃气及水 生产和供应业增长2.1%。装备制造业增加值同比增长9.8%，高技术制造业增加值增长10.0%，分别快于全部规模以上工业增加值3.7和3.9个百分点。分经济 类型看，国有控股企业增加值同比增长2.9%；股份制企业增长6.6%，外商及港澳台投资企业增长3.9%；私营企业增长6.7%。分产品看，3D打印设备、工业 机器人、新能源汽车产品产量同比分别增长60.7%、51.5%、38. ...