The momentum of economic recovery has strengthened, and the added value of Sichuan’s large-scale industries increased by 6.7% year-on-year in the first 10 months

On November 18th, the Provincial Bureau of Statistics released data showing that from January to October, the added value of industrial enterprises above designated size in the province increased by 6.7% year-on-year, 0.9 percentage points higher than the national average and 0.3 percentage points higher than from January to September; The total retail sales of consumer goods in the province increased by 4.4% year-on-year, 0.9 percentage points higher than the national average. Under the coordinated efforts of a series of stock policies and incremental policies, the momentum of economic recovery has been strengthened, and market confidence has been improved.
From January to October, 34 out of 41 major industries achieved growth in added value. Among them, the chemical raw materials and chemical products manufacturing industry increased by 20.2% year-on-year, the oil and gas extraction industry increased by 8.4%, the computer, communication, and other electronic equipment manufacturing industry increased by 7.8%, and the power, heat production, and supply industry increased by 7.3%.
From the perspective of the output of major industrial products, the output of major new energy products has maintained rapid growth. From January to October, monocrystalline silicon increased by 75.6% year-on-year, lithium-ion batteries increased by 58.6%, and polycrystalline silicon increased by 40.8%. In addition, integrated circuits increased by 27.9%, generator sets (power generation equipment) increased by 25.4%, power generation increased by 8.8%, and natural gas increased by 8.5%.
From January to October, the production and sales rate of industrial enterprises above designated size was 94.7%.
Industrial investment has shown good growth momentum. From January to October, the whole society’s fixed assets investment increased by 1.7% year on year. Looking at different industries, investment in the primary industry increased by 13.1% year-on-year, while investment in the secondary industry increased by 17.3%. Among them, industrial investment increased by 17.1%, while investment in the tertiary industry decreased by 4.2%.
From the perspective of real estate development, investment in real estate development decreased by 10.8% year-on-year. The construction area of commercial housing decreased by 11.9% year-on-year, and the sales area of commercial housing decreased by 21.4%.
Under the accelerated implementation of existing policies and the intensified launch of a package of incremental policies, market confidence has been boosted. From January to October, the total retail sales of consumer goods in the province reached 2236.11 billion yuan, a year-on-year increase of 4.4%.
According to consumption patterns, catering revenue was 312.43 billion yuan, a year-on-year increase of 8.2%; Retail sales of goods reached 1923.68 billion yuan, an increase of 3.7%. In commodity retailing, enterprises (units) above designated size achieved retail sales of 150.29 billion yuan through the Internet, up 9.7%.
From the perspective of hot commodities, the retail sales of daily necessities of enterprises (units) above designated size increased by 18.8% year-on-year, grain and oil, food, beverages, tobacco and alcohol increased by 11.8%, sports and entertainment categories increased by 10.9%, Chinese and Western medicine categories increased by 10.8%, cultural office supplies categories increased by 7.7%, and furniture categories increased by 5.7%.