新华全媒+丨顶压前行 向优向新——透视5月份我国经济运行态势

Economic Overview - In May, China's economy demonstrated resilience under pressure, with stable production and demand growth, and a focus on high-quality development [2][3] - The industrial production increased by 5.8% year-on-year, with equipment manufacturing and high-tech manufacturing growing by 9% and 8.6% respectively [2] - The service sector's production index rose by 6.2% year-on-year, indicating a faster growth rate compared to the previous month [2] Demand and Consumption - Retail sales of consumer goods increased by 6.4% year-on-year in May, driven by policies promoting consumption and online sales [2][4] - Fixed asset investment (excluding rural households) grew by 3.7% year-on-year from January to May, with a notable 7.7% growth when excluding real estate development [2] Employment and Prices - The urban surveyed unemployment rate in May was 5%, a slight decrease of 0.1 percentage points from the previous month [3] - The Consumer Price Index (CPI) saw a minor decline, but the core CPI, excluding food and energy, increased by 0.6%, indicating underlying inflationary pressures [3] Trade Performance - China's foreign trade maintained stable growth, with total goods import and export value increasing by 2.7% year-on-year in May, and exports rising by 6.3% [3] Policy Impact - Recent macroeconomic policies have focused on stabilizing employment, businesses, and market expectations, leading to improved economic performance [4] - The "old for new" consumption policy significantly boosted sales in various categories, with home appliances and communication equipment seeing retail sales growth of 53% and 33% respectively [4] New Growth Drivers - Emerging sectors such as high-end manufacturing, digital economy, and new energy industries are showing robust growth, contributing to economic stability [5] - The manufacturing value added in the digital products sector grew by 9.1%, with significant increases in the production of new energy vehicles and solar cells [5] Future Outlook - The economic foundation remains strong, with expectations for stable growth and continued high-quality development despite external challenges [6][7] - The manufacturing Purchasing Managers' Index (PMI) rose by 0.5 percentage points, indicating a recovery in manufacturing activity [4]