In November, industrial production in Hainan province saw an upward trend, as consumption decline continued to narrow, the financial and circulation fields maintained stable operation, and the province's economic operation continued to recover, according to the Hainan Provincial Bureau of Statistics.
Industrial production improved in November, and the output of some major products increased steadily. The added value of industries above a designated size in the province increased by 3.9 percent year-on-year. This is a 5.8 percent increase from the previous month.
From January to November, the added value of equipment manufacturing industries above a designated size in the province increased by 15.9 percent since 2021, and the added value of high-tech manufacturing industries above designated size increased by 0.7 percent.
Investment numbers declined slightly, while infrastructure investment maintained rapid growth. From January to November, fixed asset investment in the province fell by 3 percent from the previous year, though infrastructure investment increased by 17.9 percent.
Market sales saw an upward spike in the month, and retail sales grew rapidly. In November, the total retail sales of consumer goods in the province fell at a narrower rate than the previous month.
From January to November, among the retail sales of units above designated size, the basic daily consumption of grains, oils and food maintained its growth, showing a 12.6 percent increase year-on-year.
The turnover of goods maintained rapid growth, and financial deposits and loans operated smoothly. From January to November, the province's cargo turnover was 944.06 billion tonne-kilometers, an increase of 14.3 percent from 2021.
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