Statistics Bureau: information, finance, real estate had positive effect on economy recovery

The Bureau of Statistics said that in May, the service industry improved markedly, the production index of which increased by 1.0% year-on-year, achieving positive growth for the first time this year.
The rapid growth of information, finance, real estate and other industries has a significant effect on the service industry.

The Bureau of Statistics said that in May, the service industry improved markedly, the production index of which increased by 1.0% year-on-year, achieving positive growth for the first time this year.

The rapid growth of information, finance, real estate and other industries has a significant effect on the service industry.

Since the beginning of this year, the internet and digital economy has shown strong vitality, and has grown rapidly.

From January to April, the cumulative mobile internet access traffic increased by 36.6% year-on-year. In May, the production index of information transmission software and information technology service industry increased by 12.9% year-on-year.

In May, the production index of financial industry increased by 5.2% year-on-year.

Real estate sales have improved, and relevant investment decline slowed. In May, the real estate industry production index increased by 7.1% year-on-year.

The above three industries together contributed to a 3.1% increase in the service industry production index.

However, it should be noted that due to the concerns of residents, the recovery of contact-type consumption is slower, and the resumption in related industries is still low, which is the main factor restricting the stable recovery of the service industry.

In May, the production index of the hotels and catering industry decreased by 21.7% year-on-year, and the catering revenue decreased by 18.9%.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/15/statistics-bureau-information-finance-real-estate-had-positive-effect-on-economy-recovery/.

Leave a Reply

Please Login to Comment