On June 20, the Shanxi Statistics Bureau released its province's economic operation situation in May. According to the report, the added value of industries above the designated scale declined by 2.5 percent in May — but fell by 2.7 percent in the first five months.
Shanxi's total electricity consumption amounted to 14.29 billion KWH in May, dropping 0.4 percent from last year, while the industrial sector consumed 11.42 billion KWH of electricity, again dropping 08 percent from last year. Over the past five months this year, the total electricity consumption reached 70.94 billion KWH, which is a decrease of 0.2 percent as the industrial electricity consumption of 54.02 billion KWH also fell by 2.1 percent.
In May, a volume of 40.91 million tons of freight transported were transported by railway and 78.56 million tons of freight by road, a decrease of 20.2 percent from 2015 and an increase of 3.4 percent, respectively, from 2015. Over the past five months, however, this figure declined by 13.6 percent to only 217.82 million tons by rail and increased 6.5 percent to 342.53 million tons by road.
The fixed assets investment surged to 295.58 billion yuan ($44.95 billion), an increase in 11.1 percent over the past five months, with investments in real estate reaching 36.65 billion yuan, an increase of 8.1 percent. The total sales of customer goods rose six percent during this period as well, with tourism revenue totaling 56.44 billion yuan — a significant increase of 25.9 percent — in May and amounting to 142.95 billion yuan, an increase of 23.1 percent over the past five months.
Shanxi's total value of foreign trade increased by 12.4 percent to 7.72 billion yuan in May, with import value resting at 2.97 billion yuan, a slight growth of 0.5 percent, and export value reaching 4.75 billion yuan, an increase of 21.4 percent. In the past five months, total foreign trade amounted to 37.85 billion yuan, decreasing by 4.1 percent, with import value amounting to 14.98 billion yuan — a significant decrease of 14. 3 percent — and export value amounting to 22.96 biillion yuan, a small increase of 4 percent.
Public budget revenue totaled 11.75 billion yuan in May, showing an incease of four percent, and showed a decline of the same percent to 70.71 billion yuan over the five month period. The customer price index also rose by 1 percent in May and grew by 1.1 percent in the past five months, while the producer price index fell 7.8 percent and 12.8 percent during the same, respective periods.
The total deposit of Shanxi's financial institutions stood at 3 trillion yuan by the end of May and a growth of 143.2 billion yuan since the beginning of 2016. The loan balance totaled 1.9 triillion yuan— an increase of 56.51 billion yuan.
