From January to February 2017, fixed asset investment in culture, sports and entertainment was 46.5 billion yuan, a year-on-year increase of 15.1%

On March 14, the State Council Information Office held a press conference. Sheng Laiyun, spokesperson and chief economist of the National Bureau of Statistics, introduced the performance of the national economy from January to February 2017 and answered questions from reporters. From January to February 2017, fixed asset investment in the culture, sports and entertainment industries reached 46.5 billion yuan, a year-on-year increase of 15.1%.

On March 14, the State Council Information Office held a press conference. Sheng Laiyun, spokesperson and chief economist of the National Bureau of Statistics, introduced the performance of the national economy from January to February 2017 and answered questions from reporters.

Data shows that from January to February 2017, the national service industry production index increased by 8.2% year-on-year, 0.1 percentage points faster than in December last year and 0.1 percentage points faster than the same period last year. Information transmission, software and information technology services, transportation, warehousing and postal industries performed strongly. In February, the service industry business activity index was 53.2%, down 0.3 percentage points from the previous month, 1.0 percentage points faster than the same month last year, and continued to remain above the threshold of 50%. Among them, the business activity indices of railway transportation, telecommunications, radio, television and satellite transmission services, Internet and software information technology services, monetary and financial services, insurance and other industries all continue to be in a relatively high prosperity range of more than 55.0%.

From January to February 2017, national fixed asset investment (excluding farmers) was 4.1378 billion yuan, a year-on-year increase of 8.9%, and the growth rate was 0.8 percentage points higher than last year. In terms of month-on-month speed, fixed asset investment (excluding farmers) increased by 0.77% in February. Among them, fixed asset investment in the culture, sports and entertainment industries reached 46.5 billion yuan, a year-on-year increase of 15.1%.

From January to February 2017, private fixed asset investment was 2.4977 billion yuan, a nominal increase of 6.7% year-on-year, and the growth rate was 3.5 percentage points higher than last year; private fixed asset investment accounted for 60.4%. Among them, private fixed asset investment in the culture, sports and entertainment industries was 23.9 billion yuan, a year-on-year increase of 10.6%.

From January to February 2017, the total retail sales of consumer goods were 5.796 billion yuan, a nominal increase of 9.5% year-on-year (the actual increase was 8.1% after deducting price factors. All nominal increases below unless otherwise stated). Among them, the retail sales of consumer goods above designated size were 2.468 billion yuan, an increase of 6.8%. Specifically, consumption upgrades related commodities grew well, with sports and entertainment products growing by 19.5% year-on-year, cultural and office supplies growing by 13.4%, and communication equipment growing by 10.7%.

Editor: yvette