The added value of industrial enterprises above designated size in Jiangsu increased by 3.0% year-on-year in the January-February period, according to latest figures released by the provincial bureau of statistics on Monday.
The private industry saw its added value increase by 4.3% year on year, which further drove the growth of the entire industrial growth by 2.6 percentage points.
The added value of the pharmaceutical manufacturing industry grew by 15.4% while the strategic emerging industries provided new momentum for the steady growth of industry.
In January and February, the province's fixed asset investment increased by 2.0% year-on-year. Among them, manufacturing investment increased by 5.5%. The number of newly started projects, planned total investment, and completed investment in the province increased by 16.4%, 41.1%, and 19.0%, respectively, both of which rebounded sharply from last year, which has further boosted the expectations and confidence in economic growth.
In January and February, the total retail sales of social consumer goods in the province increased by 6.6% year-on-year. Affected by holiday factors, the catering industry has grown rapidly. The annual business income is more than 2 million yuan, that is, the turnover of the catering industry above the designated size has increased by 8.1% year-on-year. The revenue from the delivery service of catering enterprises above the designated size has increased by 59%. The sales of some consumption upgraded goods accelerated, and the Chinese and Western medicines, books, magazines and magazines increased by 6.9% and 69.7% respectively, indicating the increasing purchasing power of the consumers.
