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1,414.26 billion yuan, a year-on-year increase of 6.1%↑

author:Sichuan release
1,414.26 billion yuan, a year-on-year increase of 6.1%↑

Today (18th), the Provincial Government Information Office was held

Press conference on the economic situation in Sichuan in the first quarter of 2024

Q1

The province's economy continued to recover and develop

Get off to a good start

Xiaobu learned from the meeting that according to the results of the unified accounting of the regional GDP, the GDP of Sichuan in the first quarter of 2024 will be 1,414.26 billion yuan, a year-on-year increase of 6.1% at comparable prices. Among them, the added value of the primary industry was 85.70 billion yuan, up by 2.7 percent, the added value of the secondary industry was 476.63 billion yuan, up by 6.4 percent, and the added value of the tertiary industry was 851.93 billion yuan, up by 6.4 percent.

First, agricultural production is generally stable

According to preliminary statistics, in the first quarter, the output of vegetables increased by 4.1% year-on-year, the output of fruits increased by 6.8%, the output of tea increased by 5.8%, and the output of Chinese herbal medicines increased by 11.9%. The output of pork was 1.225 million tons, an increase of 0.6 percent, and the number of live pigs slaughtered was 15.78 million, a decrease of 5.1 percent. The output of aquatic products was 447,000 tons, an increase of 4.5%.

Second, industrial production has picked up for the better

In the first quarter, the added value of industrial enterprises above designated size in the province increased by 7.1% year-on-year, and the product sales rate of industrial enterprises above designated size was 94.1%.

By economic type, the added value of state-owned enterprises decreased by 11.9 percent year-on-year, collective enterprises increased by 12.2 percent, joint-stock enterprises increased by 7.9 percent, and foreign-funded enterprises and enterprises with investment from Hong Kong, Macao and Taiwan decreased by 0.8 percent.

In terms of industries, 32 of the 41 major industries achieved growth in added value. Among them, the manufacturing of chemical raw materials and chemical products increased by 16.9 percent year-on-year, the non-metallic mineral products industry increased by 16.9 percent, the electrical machinery and equipment manufacturing industry increased by 9.5 percent, the oil and gas extraction industry increased by 9.3 percent, and the wine, beverage and refined tea manufacturing industry increased by 5.8 percent.

In terms of the output of major industrial products, the output of natural gas increased by 8.1% year-on-year, lithium-ion batteries increased by 174.0%, monocrystalline silicon increased by 126.8%, generator sets (power generation equipment) increased by 64.9%, polysilicon increased by 59.6%, liquid crystal screens increased by 41.3%, integrated circuits increased by 13.7%, and liquor increased by 5.7%.

The high-tech industry is growing steadily. The added value of the high-tech manufacturing industry above designated size increased by 4.9 percent year-on-year. Among them, the manufacturing of electronic and communication equipment increased by 8.7 percent, the manufacturing of computer and office equipment increased by 4.4 percent, and the pharmaceutical manufacturing industry increased by 0.2 percent.

From January to February, the operating income of industrial enterprises above designated size was 731.67 billion yuan, down 1.2 percent year-on-year, and the total profit was 58.67 billion yuan, down 5.5 percent.

Third, the service industry is growing well

In the first quarter, the added value of the tertiary industry increased by 6.4% year-on-year. Among them, the added value of leasing and business services increased by 18.9 percent, accommodation and catering services increased by 12.7 percent, transportation, warehousing and postal services increased by 10.1 percent, wholesale and retail trade increased by 8.4 percent, and information transmission, software and information technology services increased by 6.0 percent.

Fourth, investment in fixed assets has risen steadily

In the first quarter, investment in fixed assets (excluding rural households) increased by 5.2% year-on-year.

By industry, investment in the primary industry increased by 7 percent year-on-year, investment in the secondary industry increased by 20.6 percent, of which industrial investment increased by 21.1 percent, and investment in the tertiary industry decreased by 0.1 percent.

From the perspective of real estate development, real estate development investment decreased by 16.9% year-on-year, the construction area of commercial housing decreased by 9.6%, and the sales area of commercial housing decreased by 18.3%.

Fifth, the consumer goods market has grown steadily

In the first quarter, the total retail sales of consumer goods in the province reached 655.07 billion yuan, a year-on-year increase of 6.1%.

In terms of the location of business units, the retail sales of urban consumer goods were 548.67 billion yuan, up by 6.1 percent year-on-year, and the retail sales of rural consumer goods were 106.41 billion yuan, up by 6.0 percent.

In terms of consumption patterns, catering revenue was 97.75 billion yuan, up 13.6 percent year-on-year, and retail sales of goods were 557.33 billion yuan, up by 4.9 percent. In the retail sales of goods, the retail sales of enterprises (units) above designated size through the Internet reached 39.37 billion yuan, an increase of 2.5 percent.

In terms of hot commodities, the retail sales of cultural and office supplies of enterprises (units) above designated size increased by 30.8 percent year-on-year, construction and decoration materials increased by 16.2 percent, grain, oil, food, beverages, tobacco and alcohol increased by 15.7 percent, Chinese and Western medicines increased by 11.2 percent, daily necessities increased by 7.7 percent, and automobiles increased by 6.1 percent.

Sixth, imports and exports continued to grow rapidly

In the first quarter, the total import and export volume of foreign trade was 241.54 billion yuan, a year-on-year increase of 7.8%. Among them, the export value was 149.43 billion yuan, down by 0.9 percent, and the import value was 92.11 billion yuan, up by 25.8 percent.

7. The tax and electricity index is in the boom range

In the first quarter, the province's tax and electricity index was 106.1, of which the production index was 105.8 and the sales index was 106.4.

On the whole, in the first quarter, the province's economy continued to recover and develop for the better, achieving a good start, and laying a good foundation for achieving the goals and tasks of the year. However, there are still problems such as the uneven and insufficient development of some industries, the difficulties faced by some enterprises, and the foundation for economic stability and improvement is not yet solid. In the next step, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, conscientiously implement the decisions and arrangements of the CPC Central Committee, the State Council, the Provincial Party Committee and the Provincial Government, focus on the primary task of high-quality development, solidly promote the construction of the Chengdu-Chongqing Twin-City Economic Circle, and vigorously implement the "synchronization of the four modernizations, urban-rural integration, and co-prosperity of the five districts" Development strategy, actively cultivate and develop new quality productivity, continue to stimulate market vitality, further consolidate and enhance the economic recovery trend, and continue to promote the province's economy to achieve effective qualitative improvement and reasonable quantitative growth.

1,414.26 billion yuan, a year-on-year increase of 6.1%↑

Note: 1. The growth rate of GDP and added value of different industries, added value of industries above designated size and their classified items shall be calculated at comparable prices.

2. The import and export situation is provided by the Sichuan Provincial Department of Commerce, and the economic prosperity tax and electricity index is provided by the Sichuan Provincial Taxation Bureau of the State Administration of Taxation.

3. Due to rounding, some data may be different from the total of the sub-items.

编辑 | 张莉苹制图 | 杨甜甜

1,414.26 billion yuan, a year-on-year increase of 6.1%↑