5.3%! The city's economy got off to a good start in the first quarter

Tianjin North Network News: In the first quarter, Tianjin adhered to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly studied and implemented the spirit of General Secretary Xi Jinping's important speech on inspecting Tianjin, and in accordance with the decisions and arrangements of the Party Central Committee and the State Council, under the strong leadership of the Municipal Party Committee and the Municipal Government, adhered to the principle of seeking progress while maintaining stability, promoting stability with progress, establishing first and then breaking down, completely, accurately and comprehensively implementing the new development concept, focusing on the important requirements of "four good works", and solidly promoting the "Ten Actions" of high-quality development The production demand has grown steadily, employment prices have been generally stable, residents' income has continued to grow, and the city's economic operation has continued to improve, achieving a good start.

According to the results of the unified accounting of the gross domestic product, the city's GDP in the first quarter was 389.008 billion yuan, a year-on-year increase of 5.3% at constant prices, and 1.0 percentage points faster than that of the previous year. By industry, the added value of the primary industry was 2.728 billion yuan, up by 4.9 percent, the added value of the secondary industry was 129.879 billion yuan, up by 5.8 percent, and the added value of the tertiary industry was 256.401 billion yuan, up by 5.1 percent.

01

The situation of agricultural production is stable

The output of agricultural products increased steadily

In the first quarter, the total output value of agriculture, forestry, animal husbandry and fishery increased by 4.5 percent year-on-year, 3.2 percentage points faster than that of the previous year. The planting area of winter wheat increased steadily, and spring plowing and spring sowing were carried out in an orderly manner. The output of vegetables was 312,700 tons, a year-on-year increase of 8.7%. The output of beef, sheep and chicken increased by 86.7%, 10.6% and 12.3% respectively, and the output of poultry eggs increased by 5.6%. Cattle, sheep and poultry slaughter increased by 57.5%, 21.2% and 10.1% respectively. The output of aquatic products increased by 10.1 percent.

02

Industrial production grew at an accelerated pace

The growth momentum of high-tech manufacturing is relatively good

In the first quarter, the added value of industrial enterprises above designated size increased by 5.8 percent year-on-year, 2.1 percentage points faster than that of the previous year. Among them, the added value of high-tech manufacturing increased by 8.6 percent, 2.8 percentage points faster than that of industries above designated size. In terms of economic types, the added value of private enterprises increased by 7.5 percent, and foreign-funded enterprises and enterprises from Hong Kong, Macao and Taiwan increased by 8.5 percent, which was 1.7 and 2.7 percentage points faster than that of industries above designated size, respectively, and state-owned enterprises decreased by 0.1 percent. In terms of the three major categories, the added value of the mining industry increased by 4.3 percent, the manufacturing industry increased by 6.4 percent, and the production and supply of electricity, heat, gas and water increased by 6.6 percent. In terms of products, the output of new energy vehicles, urban rail vehicles, integrated circuits and industrial robots increased by 41.4%, 17.4%, 13.0% and 9.0% respectively.

03

The service sector grew steadily

The development of the modern service industry is improving

In the first quarter, the added value of the service industry increased by 5.1% year-on-year, accounting for 65.9% of the city's GDP. Among them, the added value of the financial industry increased by 5.2 percent, the added value of transportation, warehousing and postal services increased by 5.2 percent, the added value of wholesale and retail trade increased by 3.5 percent, the added value of accommodation and catering industry increased by 4.5 percent, and the added value of modern service industries such as information transmission software and information technology services, leasing and business services, and scientific research and technical services increased by 10.2 percent, 22.2 percent, and 8.8 percent respectively.

04

Investment in fixed assets increased

Investment in industry and infrastructure grew rapidly

In the first quarter, investment in fixed assets (excluding rural households) increased by 5.9 percent year-on-year, of which private investment increased by 13.6 percent. By sector, industrial investment increased by 17.0 percent, of which investment in industrial technological transformation increased by 14.8 percent; infrastructure investment increased by 37.6 percent, of which investment in transportation and postal services increased by 36.0 percent, investment in information transmission and information technology services increased by 50.8 percent; and investment in real estate development decreased by 2.4 percent. By industry, investment in the primary industry decreased by 11.1 percent, investment in the secondary industry increased by 17.5 percent, and investment in the tertiary industry increased by 1.5 percent.

05

The consumer goods market continues to recover

Online consumption and retail sales of upgraded goods maintained rapid growth

In the first quarter, the total retail sales of consumer goods increased by 1.8% year-on-year. The retail sales of units above designated size through the public network increased by 6.7 percent, accounting for 32.2 percent of the total retail sales of consumer goods above designated size. The sales of some upgraded goods grew rapidly, with the retail sales of cosmetics of units above designated size increasing by 1.4 times, new energy vehicles increasing by 19.0%, smartphones increasing by 9.5%, and household appliances and audio-visual equipment increasing by 6.0%.

06

The employment situation is generally stable

Residents' incomes have grown steadily

In the first quarter, 95,300 new jobs were created in urban areas. The per capita disposable income of residents in the city was 15,260 yuan, a year-on-year increase of 5.1%. In terms of permanent residence, the per capita disposable income of urban residents was 16,496 yuan, up by 4.8 percent, and the per capita disposable income of rural residents was 9,188 yuan, up by 6.4 percent. In terms of income sources, the per capita wage income, net operating income, net property income and net transfer income of the city's residents increased by 5.2 percent, 4.0 percent, 3.6 percent and 5.7 percent respectively.

07

Consumer prices rose slightly

Industrial producer prices fell

In the first quarter, consumer prices rose by 0.2 percent year-on-year. By category, the prices of food, tobacco and alcohol decreased by 1.7 percent, clothing prices rose by 0.8 percent, housing prices rose by 0.5 percent, prices of daily necessities and services, transportation and communications all decreased by 0.5 percent, education, culture and entertainment prices rose by 3.9 percent, medical care prices rose by 0.2 percent, and other articles and services prices rose by 3.6 percent. In the first quarter, the ex-factory prices of industrial producers fell by 2.4 percent year-on-year, and the purchase prices of industrial producers fell by 1.8 percent, which were 1.2 and 2.2 percentage points narrower than that of the previous year, respectively.

Overall

In the first quarter, the city's economic operation continued to improve, achieving a good start. However, it should also be noted that the complexity, severity and uncertainty of the current external environment have risen, and the foundation for the city's economic improvement still needs to be consolidated. In the next stage, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly study, publicize and implement the spirit of General Secretary Xi Jinping's important speech during his inspection of Tianjin, fully implement the spirit of the Economic Work Conference of the Municipal Party Committee, and thoroughly implement the "Ten Actions" to promote high-quality development, focus on promoting scientific and technological innovation, industrial renewal, and urban renewal, effectively revitalize the stock, cultivate increments, and improve quality, continuously enhance the endogenous driving force of development, strengthen market confidence, and continue to promote the economy to achieve effective qualitative improvement and reasonable quantitative growth.