Data released on March 19 by the Guangdong Provincial Bureau of Statistics indicates that the province's economy began the year on a positive note, with major economic indicators showing significant improvement. Industrial production accelerated, fixed-asset investment turned positive, transportation activity increased, and price indices stabilized.
In the industrial sector, value-added output from industries above the designated scale rose by 7.9% year-on-year during January–February, representing an acceleration of 4.9 percentage points compared with the same period in 2025. By sector, basic energy supply remained robust, with production and supply of electricity, heat, gas, and water rising by 10.2%, an increase of 9.9 percentage points. Processing of petroleum, coal, and other fuels grew by 8.1%. Particularly noteworthy were growth figures in new productive forces: output of industrial robots, 3D printing equipment, and integrated circuits surged by 68.0%, 63.7%, and 47.5%, respectively.
Driven by policies promoting equipment renewal and industrial upgrading, fixed-asset investment shifted from decline to growth. In the first two months, fixed-asset investment increased by 0.9% year-on-year, reversing the downward trend observed since May 2024. Excluding real estate development investment, fixed-asset investment expanded by 9.0%. Investment in equipment and tool purchases jumped by 53.2%, supported by large-scale equipment renewal initiatives. With the advancement of the "coordinated development of manufacturing and services" strategy, investment in modern service sectors rose significantly. Investment in internet and related services, as well as software and information technology services, soared by 358.3% and 637.2%, respectively.
Transportation activity flourished in both passenger and freight segments, with Guangzhou setting new historical records. Provincial freight volume and freight turnover increased by 9.0% and 12.1%, respectively, accelerating by 8.8 and 4.1 percentage points compared with the full-year performance of the previous year. As a core transportation hub, Guangzhou achieved multiple record-breaking figures. Cumulative passenger volume in Guangzhou reached 59.0357 million during January–February. In February alone, railway passenger volume in the city hit 16.0151 million, surging 52.4% year-on-year. Key hubs such as Guangzhou South Railway Station and Guangzhou Baiyun Railway Station repeatedly set new daily passenger records.
Boosted by the cultural and tourism wave under the "Celebrate Chinese New Year in Guangzhou, Admire Flowers in the Flower City" campaign, the number of passengers aged 60 and above flying into Guangzhou during the Spring Festival travel period increased by 20% year-on-year. The aviation market exhibited a new consumption trend of "reverse family reunions," with air passenger volume in the city nearing 10 million in February, up 11.4% year-on-year.
Amid the economic recovery, price levels remained generally stable. The Consumer Price Index (CPI) rose by 0.4% during January–February, with the monthly increase rebounding from a 0.7% decline in January to a 1.4% rise in February. In the industrial sector, the Producer Price Index (PPI) fell by 1.6%, while the Industrial Purchasing Price Index (IPI) declined by 0.7%, with overall fluctuations remaining within a controllable range.