National Economic Performance in October

In October, national economic performance was stable.

I. Industrial production kept fast growth.

In October, the total completed value-added of industrial production was 233.2 billion yuan, up 8.8% over the same month of last year. Of which, the value-added of heavy industry was 140.7 billion yuan, up 9.7% over the same month of last year. And that of light industry was 92.5 billion yuan, up 7.5%. In October, the sales ratio of the industry production was 97.55%, up 0.14% over the same month of last year. In the first 10 months of this year, the sales ratio of the industrial production was 97.16%, down 0.10% over the same period of last year.

II. The investment in fixed assets kept fast growth.

In the first 10 months of this year, the investment of state-owned units and other type of units were 1842.38 billion yuan, up by 17.4%. Analyzed by purposes, investment in capital construction was 970.28 billion yuan, up 11.1%, that in technical innovation was 368.08 billion yuan, up 22.1%, and that in real estate was 430.57 billion yuan, up 31.2%.

III. Market sales were brisk

In October, the retail sales of consumer goods was 334.73 billion yuan, up 10.5% over the same period last year. By sector, the retail sales of consumer goods in wholesale and retail sale trades was 223.71 billion yuan, up 10.7%, that in Catering trade was 41.46 billion, up 17.5% over the same month of last year.

IV. Consumer price index continued to keep steadily

In October, the consumer price was up 0.2% at compared with the same month of last year. Analyzed by category of commodities, the price for recreational, educational, cultural articles and service item was up 2.1%, the price for residence item was up 0.6%. On the other hand, the ex-factory price of manufactured goods was down 3.1%, and the purchasing price for energy, raw materials and power was down 2.5%

V. Export and import increased fast

Total value of export and import in the first 10 months of this year was 417.83 billion US dollars, up by 7.9% compared with the same period of last year. Of which that of export was 217.58 billion US dollars, up 6.1%; that of import was 200.26 billion US dollars, up 10.0%. Surplus was 17.32 billion US dollars, down 24.8% over the same period of last year. In October, the total value of export was 22.79 billion US dollars, up 0.1%, and import was 18.90 billion US dollars, down 0.2% over the same month of last year, surplus was 3.89 billion US dollars, up 1.6%.