Group 1: Economic Performance - In April, China's industrial added value increased by 6.1% year-on-year, exceeding the expected 5.2% and down from 7.7% in the previous month[5] - The retail sales of consumer goods in April grew by 5.1% year-on-year, slightly below the expected 5.5% and down from 5.9% in March[5] - Fixed asset investment (excluding rural households) from January to April rose by 4.0% year-on-year, below the expected 4.3% and down from 4.2% in the previous period[5] Group 2: Sector Analysis - The manufacturing sector showed resilience, with April's manufacturing investment growth at 8.2% year-on-year, despite a 0.9 percentage point decline from the previous month[26] - Infrastructure investment (excluding electricity, heat, gas, and water production and supply) grew by 5.8% year-on-year from January to April, consistent with the first quarter[28] - Real estate development investment recorded a year-on-year decline of 11.3% in April, continuing a downward trend[30] Group 3: Employment Trends - The urban surveyed unemployment rate in April was 5.1%, down from 5.2% in March, indicating a seasonal decline[32] - The unemployment rate for local registered labor was 5.2%, while for migrant workers it was 4.8%, both showing a decrease from previous values[32]
4月经济数据点评:经济保持韧性
Tai Ping Yang Zheng Quan·2025-05-20 01:45