“According to the unified accounting results of the province’s regional GDP, Ningbo achieved a regional GDP of 726.03 billion yuan in the first half of the year, an increase of 2.9% at comparable prices.” On the morning of July 26th, at the press conference on Ningbo’s economic operation in the first half of 2022, the relevant person in charge of the Municipal Bureau of Statistics officially released the “semi-annual report” on Ningbo’s economy.
Since the beginning of this year, in the face of the complicated and severe internal and external environment, Ningbo has effectively coordinated epidemic prevention and control and economic and social development, overcome the adverse effects of unexpected factors, especially the huge impact of the epidemic in April on the supply chain and industrial chain of our city, and solidly carried out the action of stabilizing and improving the quality of the economy. The city’s economy has stabilized and rebounded rapidly from the decline in April, and the recovery trend in the second quarter is better than that of the whole province, and the overall economic operation has stabilized and improved.
The data shows that the GDP growth rate of Ningbo in the first half of the year was 0.4 percentage points higher than that of the whole country and the whole province respectively.
By industry, the added value of the primary industry was 15.66 billion yuan, an increase of 4.0%; The added value of the secondary industry was 354.43 billion yuan, up by 3.8%, of which 325.75 billion yuan was industrial, up by 4.1%. The added value of the tertiary industry was 355.94 billion yuan, an increase of 2.0%. The ratio of the three industries is 2.2: 48.8: 49.0. The contribution rates of the three industries to GDP growth are 3.2%, 61.5% and 35.3% respectively.
Agriculture is growing steadily, and the supply of aquatic products is sufficient. In the first half of the year, the added value of agriculture, forestry, animal husbandry and fishery was 16.54 billion yuan, a year-on-year increase of 4.1%. The total amount of aquatic products was 440,000 tons, an increase of 5.4%. The planting area of summer grain in the city was 373,000 mu, an increase of 5.2%; The output of summer grain was 104,000 tons, an increase of 5.9%. The output of pork, cattle, sheep and poultry meat was 45,000 tons, an increase of 11.4%.
The industrial economy has stabilized and rebounded, and emerging industries have grown rapidly. In the first half of the year, the added value of industrial enterprises above designated size reached 268.42 billion yuan, a year-on-year increase of 5.0%. From the output of main products, among the 243 products listed in the product catalogue in the city, the output of 101 products has achieved positive growth. Industrial enterprises above designated size achieved a sales output value of 1,159.29 billion yuan, an increase of 11.3%. Among them, the output value of domestic sales was 949.09 billion yuan, an increase of 11.9%, and the proportion of domestic sales increased by 0.6 percentage points year-on-year. The added value of emerging manufacturing industries, such as high-tech industries, strategic emerging industries, core industries of digital economy, artificial intelligence industries and high technology, increased by 5.2%, 5.4%, 8.1%, 8.6% and 10.1% respectively.
In the second quarter, the growth rate of added value of industrial enterprises above designated size rebounded month by month. Among them, it decreased by 2.1% year-on-year in April; The growth rate in May turned from negative to positive, with an increase of 2.0%; It increased by 5.2% in June, 3.2 percentage points faster than that in May.
The service industry maintained growth, and the producer service industry grew well. In the first half of the year, the added value of the service industry in the city increased by 2.0% year-on-year. Among them, the added value of finance, transportation and for-profit service industries increased by 7.3%, 6.3% and 5.8% respectively. At the end of June, the balance of local and foreign currency deposits of financial institutions in the city was 2.9 trillion yuan, and the balance of loans was 3.2 trillion yuan, up by 12.5% and 14.9% respectively.
Investment in fixed assets continued to grow, and investment in infrastructure increased rapidly. In the first half of the year, the city’s investment in fixed assets increased by 10.3% year-on-year, of which investment in private projects increased by 16.2%. In terms of investment composition, infrastructure investment increased by 19.0%, of which investment in ecological environment protection, urban renewal and water conservancy facilities increased by 39.1% and transportation investment increased by 19.5%. Manufacturing investment increased by 10.4%; Investment in real estate development increased by 3.0%. The sales area and sales volume of commercial housing decreased by 46.8% and 46.9% respectively.
The consumer market has gradually recovered, and online retailing has accelerated its growth. In the first half of the year, the city achieved a total retail sales of social consumer goods of 221.22 billion yuan, a year-on-year increase of 2.4%. The retail sales of automobile products decreased by 1.3%, among which new energy vehicles increased by 163.6%. The retail sales of trading units above designated size in the city reached 22.67 billion yuan through public networks, up by 32.2%, up by 15.1 percentage points over the first quarter. In the second quarter, the total retail sales of social consumer goods rose obviously month by month, among which, it decreased by 15.7% in April; The decline in May narrowed to 2.6%; In June, it turned from falling to rising, with a year-on-year increase of 12.0%.
Foreign trade maintained rapid growth, and exports accounted for a further increase in the national share. In the first half of the year, the city’s foreign trade exports reached 408.50 billion yuan, up 14.1%, accounting for 3.67% of the national share, up 0.03 percentage point year-on-year.
The fiscal revenue is generally stable, and the expenditure guarantee in key areas is strong. In the first half of the year, the expenditures on health, social security, employment and transportation increased by 51.0%, 29.9% and 9.7% respectively.
Residents’ income has increased steadily, and consumption expenditure has risen steadily. In the first half of the year, the per capita disposable income of residents in the city was 38,254 yuan, a nominal increase of 5.0% year-on-year, and a real increase of 2.9% after deducting the price factor. According to the place of permanent residence, the per capita disposable income of urban residents was 43,239 yuan, with a nominal increase of 4.6% and a real increase of 2.5%. The per capita disposable income of rural residents was 25,292 yuan, with a nominal increase of 5.7% and a real increase of 3.6%. From the source of income, the per capita wage income was 21,628 yuan, a nominal increase of 2.8%; The net operating income was 7005 yuan, an increase of 3.0%; The net income of property was 4,224 yuan, an increase of 4.6%; The net transfer income was 5,397 yuan, an increase of 18.2%.
The per capita living expenditure of residents in the city was 21,300 yuan, a year-on-year increase of 6.3%. According to the place of permanent residence, the per capita living expenditure of urban residents was 23,781 yuan, an increase of 5.8%; The per capita living consumption expenditure of rural residents was 14,847 yuan, an increase of 7.5%.
Consumer prices rose moderately, while the price increase of industrial producers dropped. In the first half of the year, the consumer price of urban residents rose by 2.0% year-on-year. In terms of classification, the price of transportation and communication rose by 7.1%, the price of education, culture and entertainment rose by 2.5%, and the price of medical care rose by 1.9%. In the first half of the year, the ex-factory price of industrial producers in the city rose by 7.6% year-on-year, which was 0.5 percentage points lower than that in the first quarter.
“The indicators of the whole economy are picking up month by month, the foundation of’ stability’ is being consolidated, the factors of’ progress’ are accumulating, and the economy shows strong resilience. However, we must also see that there are still many uncertainties in the second half of the year, and the foundation for economic recovery is not stable. ” Xu Tingya, deputy secretary, deputy director and spokesperson of the Municipal Bureau of Statistics, said that in the next stage, it is necessary to seize the critical period of economic recovery, deepen the action of stabilizing and improving quality, pay close attention to the effectiveness of the policy package of stabilizing the economy, and help the “two firsts” with high-quality economic development.
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(Contributed by Ningbo Municipal Commission of Commerce)