1—11月江苏经济总体平稳、稳中有进

Economic Overview - The overall economic operation of Jiangsu Province is stable and progressing in 2023, with industrial value-added growth of 6.6% year-on-year from January to November [1] - In November, the industrial value-added increased by 5.1% year-on-year, with significant growth in equipment manufacturing (7.5%), high-tech manufacturing (10.4%), and digital core product manufacturing (10.2%) [1] Industrial Performance - The manufacturing sectors such as computer, communication, and other electronic equipment saw a growth of 13.5%, while railway, shipbuilding, aerospace, and other transportation equipment grew by 13.3% [1] - Fixed asset investment decreased by 9.1% year-on-year from January to November, with infrastructure investment down by 2.9% [1] - Manufacturing investment declined by 4.4%, accounting for 46.2% of total investment, which is an increase of 2.3 percentage points compared to the same period last year [1] Service Sector - The revenue of the service industry increased by 7.5% year-on-year from January to October, with notable growth in resident services (15.5%), repair and other services (13.4%), and scientific research and technical services (10.1%) [1] Consumer Market - The total retail sales of social consumer goods reached 42,586.8 billion yuan, growing by 3.8% year-on-year from January to November [2] - In November, retail sales of new energy vehicles, smart home appliances, and audio-visual equipment grew by 26.2%, 13.1%, and 12.0% respectively [2] - The wholesale and retail sectors saw sales growth of 5.1% and 7.1% year-on-year, while accommodation and catering sectors grew by 2.5% and 5.4% respectively [2] Financial Sector - By the end of November, the balance of RMB deposits in financial institutions reached 27 trillion yuan, a year-on-year increase of 7.8% [2] - The balance of RMB loans was 28.2 trillion yuan, with a year-on-year growth of 9.4% [2] Price Trends - In November, the consumer price index increased by 0.6% year-on-year, while the cumulative index from January to November showed a decrease of 0.3% [3] - The producer price index for industrial producers decreased by 2.4% year-on-year in November, with a cumulative decline of 2.7% from January to November [3]