On June 26, the Guangzhou Municipal Bureau of Statistics announced the “Economic Operation Profile of Guangzhou City from January to May 2013â€. The data shows that in the first five months, the total industrial output value of Guangzhou's automobile manufacturing industry fell by 5.5% year-on-year, and the decline was narrowed by 1.6 percentage points from January to April. In addition, from January to April, the city's above-scale industrial enterprises realized a total profit of 24.616 billion yuan, a year-on-year increase of 0.9%, reversing the situation of sustained negative growth since May 2011, but the growth rate is still lower than the national (11.4%) and The province (24.0%) was 10.5 and 23.1 percentage points.
Smartphone sales are hot
From January to May, the growth rate of the Guangzhou consumer market accelerated. The city's total retail sales of consumer goods reached 270.641 billion yuan, a year-on-year increase of 15.5%, and the growth rate was 0.2 percentage points faster than that of January-April.
Among them, the wholesale and retail trade, accommodation and catering industry achieved retail sales of 234.261 billion yuan and 36.380 billion yuan respectively, with growth rates of 15.6% and 14.7% respectively. Cosmetics and fashion smartphones continued to sell well, and the retail sales of communication equipment increased by 77.5%.
Car sales are picking up. The retail sales of automobile products in the wholesale and retail trade above designated size increased by 17.1%, and the growth rate increased by 16.4 and 3.4 percentage points respectively over the same period of the previous year and January-April.
Real estate investment growth rate fell
In terms of investment, from January to May, the city completed fixed assets investment of 121.283 billion yuan, a year-on-year increase of 23.6%, and the growth rate dropped by 1.0 percentage points from January to April. The city completed industrial investment of 21.129 billion yuan, an increase of 41.3%, contributing 26.6% to the city's fixed asset investment growth, driving the city's fixed asset investment to grow by 6.3 percentage points.
The growth rate of real estate development investment and municipal investment declined. The city completed investment in real estate development of 48.025 billion yuan, an increase of 23.9%; completed city investment of 101.729 billion yuan, an increase of 23.3%. The growth rate dropped by 14.2 and 1.3 percentage points respectively from January to April.
There are still nearly 30% of corporate losses
From January to May, the overall economic operation of Guangzhou City maintained a good momentum. Industrial production has risen steadily, and the benefits of industrial enterprises have improved. The city's total industrial output value above designated size was 648.64 billion yuan, a year-on-year increase of 11.4%, and the growth rate was 0.2 percentage points faster than that of January-April. The growth rate of the three pillar industries continued to rise.
In terms of industrial enterprise benefits, the data show that from January to April, the city's above-scale industrial enterprises realized a total profit of 24.616 billion yuan, a year-on-year increase of 0.9%, reversing the situation of sustained negative growth since May 2011, but the growth rate is still low. In the country (11.4%) and the province (24.0%) 10.5 and 23.1 percentage points.
The corporate loss was 29.50%, which was 1.81 percentage points narrower than that in January-March. The growth rate of total profit growth from January to April was mainly due to the decrease in the number of loss-making industries by four in January-March, and the increase of 8.2% in the electricity, heat production and supply industry profits in April was 5.6 billion yuan.
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