On June 15, the National Bureau of Statistics released the national economic performance from January to May 2022. Data show that in the first five months of this year, the retail sales of furniture was 57.5 billion yuan, a year-on-year decrease of 9.6%; the retail sales of construction and decoration materials was 69.7 billion yuan, a year-on-year decrease of 2.4%.
In May, the retail sales of furniture was 12.2 billion yuan, a year-on-year decrease of 12.2%, and the growth rate was 1.8 percentage points higher than that in April; the retail sales of construction and decoration materials was 15.6 billion yuan, a year-on-year decrease of 7.8%, and the growth rate was 15.6 billion yuan. This is an increase of 3.9 percentage points from April.
Overall, from January to May, the total retail sales of consumer goods was 17,168.9 billion yuan, down 1.5% year-on-year; in May, the total retail sales of consumer goods was 3,354.7 billion yuan, down 6.7% year-on-year.
Fu Linghui, spokesman of the National Bureau of Statistics and director of the National Economic Comprehensive Statistics Department, said that in general, China's economy gradually overcame the adverse impact of the epidemic in May, and the main indicators improved marginally, and the economy showed a positive momentum of recovery. However, it should also be noted that the international environment has become more complex and severe, and the domestic economic recovery still faces many difficulties and challenges.
In the next stage, it is necessary to fully implement the decisions and arrangements of the CPC Central Committee and the State Council, efficiently coordinate epidemic prevention and control and economic and social development, intensify macro-policy adjustments, make every effort to promote the implementation of a package of policies and measures to stabilize growth, focus on stabilizing the macroeconomic market, and focus on safeguarding and Improve people's livelihood and promote the sustained recovery of the national economy.