The economic performance of Liaoning Province for the period from January to May 2026 has been released.
Overview of Industrial Production
From January to May, the province's economy operated with overall stability. The value added of industrial enterprises above a designated size increased by 0.1% year-on-year. Within this, the value added for high-tech manufacturing grew by 2.9%.
Analyzing by three major categories, the mining sector's value added decreased by 6.4% year-on-year, manufacturing increased by 1.7%, while the production and supply of electricity, heat, gas, and water declined by 2.2%.
By ownership type, the value added of state-controlled enterprises fell by 0.6%, private enterprises decreased by 1.5%, collectively-owned enterprises surged by 20.3%, shareholding enterprises grew by 1.2%, and enterprises funded by foreign, Hong Kong, Macao, and Taiwanese investment dropped by 3.7%.
Across 40 major industrial sectors, 18 saw year-on-year growth in value added, representing a growth coverage of 45.0%. Notably, the railway, shipbuilding, aerospace, and other transport equipment manufacturing sector soared by 45.4%, rubber and plastic products grew by 22.5%, agricultural and sideline food processing increased by 10.6%, and chemical raw materials and chemical products manufacturing rose by 9.5%. Conversely, the automotive manufacturing sector declined by 8.3%.
In terms of specific products, the output of civilian steel ships surged by 290% year-on-year, rolling bearings increased by 38.7%, and transformer output grew by 13.1%. However, steel product output fell by 7.5% and automobile production decreased by 11.4%.
Fixed Asset Investment Trends
From January to May, the province's fixed asset investment decreased by 25.9% year-on-year. Investment in construction projects fell by 23.9%.
By industry, investment in the primary sector grew by 13.6%, while the secondary sector saw a decline of 24.6% and the tertiary sector dropped by 29.4%.
By sector, infrastructure investment fell by 19.8%, manufacturing investment decreased by 24.1%, and real estate development investment plunged by 37.2%.
Retail Market Performance
Total retail sales of consumer goods in the province amounted to 412.93 billion yuan from January to May, representing a 1.5% year-on-year decrease.
For retail sales from above-quota units, essential consumer goods showed resilience. Retail sales of grain, oil, and food grew by 3.9%, daily necessities increased by 4.5%, and clothing, footwear, hats, and textiles rose by 7.1%.
Green and smart consumer goods experienced significant growth. Retail sales of home appliances with energy efficiency grades 1 and 2 surged by 56.7%, smartphones increased by 21.4%, and wearable smart devices skyrocketed by 610%.
Conversely, consumption of oil products and automobiles declined, with retail sales of petroleum and related products falling by 6.0% and automobile retail sales dropping by 17.2%.
Foreign Trade Developments
According to customs statistics, the province's total import and export value of goods reached 324.47 billion yuan from January to May, a year-on-year increase of 6.3%. Exports grew by 10.7% to 178.82 billion yuan, while imports rose by 1.4% to 145.65 billion yuan.
In terms of export commodities, agricultural product exports increased by 12.4% to 14.87 billion yuan. Exports of mechanical and electrical products grew by 17.5% to 94.38 billion yuan, with ship exports surging by 120% to 21.65 billion yuan. Exports of high-tech products reached 21.5 billion yuan, a 3.5% increase.
Price Indices
From January to May, the province's Consumer Price Index (CPI) rose by 1.2% year-on-year. The Producer Price Index (PPI) for industrial products decreased by 0.3%, while the Industrial Producer Purchase Price Index (IPI) fell by 0.6%.
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