An engineer assembles an axial-flow compressor at a workshop of the Shaanxi Blower (Group) Co., Ltd., a state-owned enterprise, in Xi'an, northwest China's Shaanxi Province, Nov. 18, 2020. (Xinhua/Shao Rui)
BEIJING, Dec. 18 (Xinhua) -- The economy in northwest China's Shaanxi Province showed strengthening recovery in November, as fixed-asset investment and consumption gradually returned to normal levels, according to the local authorities.
The added value of industries above the designated size in Shaanxi dropped 1.3 percent year on year in November, down 6 percentage points from October. From January to November, the added value of the province's industries above the designated size surged 1 percent year on year, maintaining the cumulative growth for seven consecutive months.
During the January to November period, fixed-asset investment in Shaanxi picked up 3.8 percent year on year, reporting positive growth for six consecutive months.
As for the consumer goods market, Shaanxi's retail sales of consumer goods for enterprises above the designated sizeincreased by 0.1 percent in November.
The total volume of imports and exports in Shaanxi Province in the first 11 months of the year totaled 343.38 billion yuan, an increase of 6.5 percent year on year, posting 0.4 percentage points higher than that from January to October.
According to the main economic indicators, Shaanxi's industrial producer prices fell 3.3 percent in November from a year earlier, 2.2 percentage points lower than that of October, while its industrial producer purchase prices declined 1.8 percent during the period.
In November alone, the year on year growth rate of Shaanxi's consumer price (CPI) fell 0.1 percent year on year, down 0.8 percentage points from October, while Shaanxi's industrial electricity consumption grew 21.5 percent year on year, 13.1 percentage points faster than in October.
(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)
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