On May 16, the National Bureau of Statistics announced the economic data for April: the growth rate of industrial added value above designated size in my country fell by 2.9% year-on-year, the service industry production index fell by 6.1%, and the total retail sales of consumer goods fell by 11.1%...
Overcome The Impact Of The Epidemic
"The epidemic in April had a big impact on the economic operation, but the impact was short-term and external. The fundamentals of my country's economic stability and long-term improvement have not changed, and the general trend of transformation and upgrading and high-quality development has not changed. There are many favorable conditions for stabilizing the macroeconomic market and achieving the expected development goals." At the press conference of the State Council Information Office held on the same day, Fu Linghui, a spokesman for the National Bureau of Statistics, said, "In the efficient coordination of epidemic prevention and control and economic and social development With the support of various policies and measures, China's economy can overcome the impact of the epidemic, gradually stabilize and recover, and maintain stable and healthy development."
Impact Of The Epidemic
The consumer market was significantly impacted by the epidemic, but online retail continued to grow.
In April, local epidemics occurred frequently, affecting most provinces across the country. Residents went out to shop and eat less, and the sales of non-essential commodities and the catering industry were significantly impacted. In April, the total retail sales of consumer goods fell by 11.1% year-on-year, of which retail sales of goods fell by 9.7%.
In terms of consumption types, sales of non-daily necessities and catering have been significantly affected by the epidemic, which has dragged down the growth of total retail sales of consumer goods. In April, catering revenue fell 22.7% year-on-year.
The Overall
"In general, the decline in consumption in April was mainly affected by the short-term impact of the epidemic. As the epidemic is brought under control and the order of production and life returns to normal, the previously suppressed consumption will be gradually released." Fu Linghui introduced that in April Since the mid-to-late ten days, the overall domestic epidemic situation has tended to decline, and the epidemic situation in Shanghai and Jilin has gradually improved, which is conducive to creating a suitable consumption environment. At the same time, stabilizing the macroeconomic market, strengthening aid to enterprises, stabilizing jobs and expanding employment will ensure the consumption capacity of residents. In addition, various policies to promote consumption are effective, and my country's consumption recovery trend is expected to continue.
Post time: Jun-16-2022