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Performance of major economic indicators in Beijing January to July 2017 (Amount expressed in RMB Yuan)

2017-8-25 8:22:16

1. Industrial output

From January to July, the added value at comparable prices of city-wide industries above the designated scale increased by 6.4% year-on-year. Among key industries, percentages of increase are: 23.5% for the manufacturing of computers, communication and other electronic equipment; 19.1% for pharmaceutical manufacturing; and a negative increase of 0.8% for automobile manufacturing. High-end industries registered sound growth, among which high-tech manufacturing and strategic emerging industries grew by 17.8% and 13.4% respectively.

2. Fixed assets investment

From January to July, city-wide total investment in fixed assets was RMB 428.52 billion yuan, a year-on-year growth of 5.3%. Among that, investment in infrastructure was 131.57 billion, up by 24.3%; private investment was 130.44 billion, up by 3 %.

By industrial sectors, the primary industry completed an investment of 564 million yuan, a year-on-year increase of 87.5%; the secondary industry 36.21 billion, up by 15.2%; the tertiary sector 386.67 billion, up by 3.7%. Investment in key industries maintained rapid growth. Among them, the leasing and business service industry grew by 160%; the information transmission, software and IT service industry by 28.1%; and the scientific research and technological service industry by 16.9 %.

3. Real estate development and sales

From January to July, city-wide investment amount in real estate development was 185.96 billion yuan, a year-on-year decrease of 7.1%.

By the end of July, city-wide floor space under construction of commodity real estate was 111.921 million square meters, down by 5.1% year-on-year, including 47.688 million for commodity housing, down by 11.8 %. Newly-started construction floor space of commodity real estate was 10.867 million square meters, down by 27%, including 4.84 million for commodity housing, down by 22.7%. Sales volume of commodity real estate was 4.806 million square meters, down by 40.9%, including 3.135 million for commodity housing, down by 35.1%。

4. Market consumption

From January to July, city-wide market consumption amounted to 1357.35 billion yuan, up by 9.4% year-on-year. In terms of service consumption, the amount was 736.76 billion, up by 12.9%; separately, health care consumption grew by 17%; education, culture and entertainment consumption grew by 13.2%; and transportation and communication consumption grew by 10.5%. In terms of commodity consumption, the retail amount of social consumption was 620.59 billion, up by 5.6%; this included 109.91 billion in online sales, an increase of 12.8%, of wholesalers and retailers above the designated amount. By consumption models, the retail amount of social consumption is comprised of 561.57 billion of consumer goods (up by 5.3%) and 59.02 billion of catering consumption (up by 7.7%). By commodity categories, the retail amount of wholesalers and retailers above the designated amount saw an increase of 20% for home appliances and audio & video products; 14.7% for cultural and office products; and 6.4% for automobiles (in which new energy vehicles grew by 62.4%).

5. Indexes

From January to July, Beijing’s CPI accumulated an increase of 1.9% year-on-year. Specifically, food prices went down by 0.7% while non-food prices increased by 2.4%; price of consumer goods was flat compared with the same period in 2016, and service price went up by 4.7%. In July alone, the CPI in Beijing rose by 1.7% year-on-year and 0.2% on a monthly basis.

From January to July, accumulated year-on-year increases of 1.0 % and 5.4% were recorded for Beijing’s PPI and PPIRM respectively; in July alone, PPI and PPIRM rose by 0.2% and 3.9% year-on-year respectively; on a monthly basis, PPI was down by 0.2% and PPIRM was flat.