国家统计局数据显示，原煤生产降幅收窄。9月份，规上工业原煤产量4.1亿吨，同比下降1.8%，降幅比 8月份收窄1.4个百分点；日均产量1372万吨。1—9月份，规上工业原煤产量35.7亿吨，同比增长2.0%。 （文章来源：国家统计局） ...

Core Insights - The average urban surveyed unemployment rate in China for the first three quarters is 5.2% [1] - In September, the urban surveyed unemployment rate remains at 5.2%, showing a decrease of 0.1 percentage points from the previous month [1] - The unemployment rate for local registered labor is 5.3%, while the rate for migrant labor is 4.9%, with agricultural migrant labor at 4.7% [1] - The unemployment rate in 31 major cities is 5.2%, also down by 0.1 percentage points from the previous month [1] - The average weekly working hours for employed persons in enterprises is 48.6 hours [1] - By the end of the third quarter, the total number of rural laborers working outside their hometowns is 19.187 million, reflecting a year-on-year increase of 0.9% [1]

Core Insights - The real estate development investment in China from January to September reached 67,706 billion yuan, showing a year-on-year decline of 13.9% [1][12] - Residential investment accounted for 52,046 billion yuan, down 12.9% compared to the previous year [1][12] - The real estate development enterprise's funding amounted to 72,299 billion yuan, a decrease of 8.4% year-on-year [7][12] Investment and Construction - The total construction area for real estate development was 648,580 million square meters, reflecting a 9.4% year-on-year decrease [3][13] - The new construction area was 45,399 million square meters, down 18.9% year-on-year, with residential new construction area at 33,273 million square meters, a decline of 18.3% [3][13] - The completed construction area was 31,129 million square meters, down 15.3%, with residential completions at 22,228 million square meters, a decrease of 17.1% [3][13] Sales Performance - The sales area of newly built commercial housing was 65,835 million square meters, down 5.5% year-on-year, with residential sales area decreasing by 5.6% [4][15] - The sales revenue from newly built commercial housing was 63,040 billion yuan, a decline of 7.9%, with residential sales revenue down 7.6% [4][15] Inventory and Market Conditions - As of the end of September, the unsold commercial housing area was 75,928 million square meters, a reduction of 241 million square meters from the end of August [6] - The real estate development prosperity index stood at 92.78 in September, indicating a lower level of market activity [9] Regional Analysis - In the eastern region, real estate investment was 39,632 billion yuan, down 16.2% year-on-year, while the central and western regions saw declines of 11.8% and 7.3%, respectively [14] - The sales performance in the eastern region showed a decrease of 8.0% in sales area and 8.9% in sales revenue, while the central region experienced a smaller decline of 2.5% in sales area [15]

Core Insights - In September, the industrial value added of major industries showed positive growth, with mining increasing by 6.4%, manufacturing by 7.3%, and electricity, heat, gas, and water production and supply by 0.6% [2] - The overall industrial value added for September increased by 6.5% year-on-year, with state-owned enterprises growing by 6.5%, joint-stock enterprises by 6.8%, foreign and Hong Kong, Macao, and Taiwan-invested enterprises by 5.8%, and private enterprises by 4.6% [5] - Among 41 major industries, 36 reported year-on-year growth in value added, with notable increases in coal mining (6.4%), oil and gas extraction (8.9%), and automotive manufacturing (16.0%) [2][5] By Industry - Mining industry value added increased by 6.4% in September, while manufacturing saw a growth of 7.3% [2][5] - High-tech manufacturing grew by 10.3%, indicating a strong performance in this sector [5] - The automotive manufacturing sector experienced significant growth of 16.0%, with new energy vehicles rising by 20.3% [3][5] By Product - In September, out of 623 industrial products, 362 saw year-on-year production growth, including steel (12.421 million tons, up 5.1%) and automobiles (3.227 million units, up 13.7%) [3][4] - The production of new energy vehicles reached 1.58 million units, marking a 20.3% increase [3][5] - Cement production, however, declined by 8.6% to 15.444 million tons [3][5] Sales and Exports - The sales rate of products from large-scale industrial enterprises was 96.7%, an increase of 0.6 percentage points year-on-year [4] - The export delivery value for large-scale industrial enterprises reached 1.476 trillion yuan, a nominal increase of 3.8% year-on-year [4][5]

9月份，规模以上工业（以下简称规上工业）原煤生产降幅收窄，原油、天然气生产增速加快，电力生产平稳增长。 一、原煤、原油和天然气生产及相关情况 原煤生产降幅收窄。9月份，规上工业原煤产量4.1亿吨，同比下降1.8%，降幅比8月份收窄1.4个百分点；日均产量1372万吨。 1—9月份，规上工业原煤产量35.7亿吨，同比增长2.0%。 原油生产增速加快。9月份，规上工业原油产量1777万吨，同比增长4.1%，增速比8月份加快1.7个百分点；日均产量59.2万吨。 1—9月份，规上工业原油产量16263万吨，同比增长1.7%。 天然气生产增速加快。9月份，规上工业天然气产量212亿立方米，同比增长9.4%，增速比8月份加快3.5个百分点；日均产量7.1亿立方米。 1—9月份，规上工业天然气产量1949亿立方米，同比增长6.4%。 二、电力生产情况 规上工业电力生产平稳增长。9月份，规上工业发电量8262亿千瓦时，同比增长1.5%；日均发电275.4亿千瓦时。1—9月份，规上工业发电量72557亿千瓦 时，同比增长1.6%。 分品种看，9月份，规上工业火电、风电由增转降，水电由降转增，核电增速放缓，太阳能发电增速加快。 ...

Core Insights - In September, the total retail sales of consumer goods reached 41,971 billion yuan, with a year-on-year growth of 3.0% [1] - From January to September, the total retail sales of consumer goods amounted to 365,877 billion yuan, growing by 4.5% year-on-year [1] Group 1: Retail Sales Overview - Excluding automobiles, the retail sales of consumer goods in September were 37,260 billion yuan, reflecting a growth of 3.2% [1] - For the first nine months, the retail sales excluding automobiles totaled 329,954 billion yuan, with a year-on-year increase of 4.9% [1] Group 2: Urban vs Rural Consumption - In September, urban retail sales reached 35,783 billion yuan, growing by 2.9% year-on-year, while rural retail sales were 6,188 billion yuan, with a growth of 4.0% [3] - From January to September, urban retail sales totaled 316,838 billion yuan, increasing by 4.4%, and rural retail sales reached 49,039 billion yuan, growing by 4.6% [3] Group 3: Consumption Types - In September, the retail sales of goods were 37,462 billion yuan, with a year-on-year growth of 3.3%, while catering revenue was 4,509 billion yuan, growing by 0.9% [3] - For the first nine months, the retail sales of goods amounted to 324,888 billion yuan, increasing by 4.6%, and catering revenue was 40,989 billion yuan, with a growth of 3.3% [3] Group 4: Retail Formats - From January to September, retail sales in convenience stores, supermarkets, department stores, specialty stores, and brand stores grew by 6.4%, 4.4%, 0.9%, 4.8%, and 1.5% respectively [5] - The online retail sales for the first nine months reached 112,830 billion yuan, with a year-on-year growth of 9.8%, and the physical goods online retail sales were 91,528 billion yuan, growing by 6.5% [5] Group 5: Detailed Retail Data - In September, the retail sales of limited above units reached 17,776 billion yuan, with a year-on-year growth of 2.3% [6] - The retail sales of physical goods online accounted for 25.0% of the total retail sales of consumer goods [5] - Categories such as food, clothing, and daily necessities saw growth rates of 15.1%, 2.8%, and 5.7% respectively in online sales [5]

（2025年10月20日） 国家统计局 前三季度，在以习近平同志为核心的党中央坚强领导下，各地区各部门认真贯彻落实党中央、国务院决策部署，坚持稳中求进工作总基调，完整准确全面贯 彻新发展理念，加快构建新发展格局，认真实施更加积极有为的宏观政策，积极做强国内大循环，促进国内国际双循环，扎实推动高质量发展，国民经济顶 住压力延续稳中有进发展态势，生产供给平稳增长，就业物价总体稳定，新动能稳步成长，民生保障有力有效，经济运行展现出强大韧性和活力。 初步核算，前三季度国内生产总值1015036亿元，按不变价格计算，同比增长5.2%。分产业看，第一产业增加值58061亿元，同比增长3.8%；第二产业增加 值364020亿元，增长4.9%；第三产业增加值592955亿元，增长5.4%。分季度看，一季度国内生产总值同比增长5.4%，二季度增长5.2%，三季度增长4.8%。 从环比看，三季度国内生产总值增长1.1%。 一、农业生产形势较好，畜牧业平稳增长 前三季度，全国固定资产投资（不含农户）371535亿元，同比下降0.5%；扣除房地产开发投资，全国固定资产投资增长3.0%。分领域看，基础设施投资同 比增长1.1%，制造业 ...

Income Situation - In the first three quarters, the national per capita disposable income reached 32,509 yuan, a nominal increase of 5.1% year-on-year, and a real increase of 5.2% after adjusting for price factors [1][7] - Urban residents had a per capita disposable income of 42,991 yuan, growing by 4.4% nominally and 4.5% in real terms, while rural residents saw a per capita disposable income of 17,686 yuan, with a nominal growth of 5.7% and a real growth of 6.0% [1][7] - The per capita wage income was 18,659 yuan, up 5.4%, accounting for 57.4% of disposable income, while per capita operating income was 5,199 yuan, up 5.3%, making up 16.0% of disposable income [1][7] - The median per capita disposable income was 27,149 yuan, a growth of 4.5%, with urban median income at 38,224 yuan (3.9% growth) and rural median income at 15,036 yuan (5.1% growth) [1][7][9] Consumption Expenditure Situation - The national per capita consumption expenditure was 21,575 yuan, with a nominal increase of 4.6% and a real increase of 4.7% [4][8] - Urban residents had a per capita consumption expenditure of 26,510 yuan, growing by 3.8% nominally and 3.9% in real terms, while rural residents had a per capita consumption expenditure of 14,597 yuan, with a nominal growth of 5.5% and a real growth of 5.8% [4][8] - Per capita expenditure on food, tobacco, and alcohol was 6,359 yuan, growing by 2.5%, accounting for 29.5% of total consumption expenditure [5][8] - Significant growth was observed in education, culture, and entertainment expenditure, which increased by 10.3%, and in transportation and communication expenditure, which rose by 8.3% [5][8]

Core Insights - The industrial capacity utilization rate for Q3 2025 is reported at 74.6%, showing a decrease of 0.5 percentage points compared to the same period last year [4] - The mining industry has a capacity utilization rate of 72.5%, down by 2.1 percentage points year-on-year [4] - The manufacturing sector's capacity utilization stands at 74.8%, reflecting a decline of 0.4 percentage points from the previous year [4] - The electricity, heat, gas, and water production and supply industry maintains a capacity utilization rate of 74.3%, unchanged from the previous year [4] Industry Breakdown - In the mining sector, coal mining and washing have a capacity utilization rate of 68.9%, down 3.8 percentage points year-on-year [4] - The oil and gas extraction industry shows a high capacity utilization rate of 91.2%, an increase of 1.0 percentage points from the previous year [4] - The food manufacturing industry has a capacity utilization rate of 70.1%, decreasing by 0.6 percentage points [4] - The textile industry reports a capacity utilization of 77.2%, down by 0.7 percentage points [4] - The chemical raw materials and products manufacturing industry has a capacity utilization rate of 72.5%, down 3.5 percentage points [4] - The black metal smelting and rolling industry shows a strong capacity utilization rate of 80.1%, up by 2.7 percentage points [4] - The non-metallic mineral products industry has a low capacity utilization rate of 62.0%, slightly up by 0.3 percentage points [4] - The automotive manufacturing industry reports a capacity utilization of 73.3%, with a minor increase of 0.1 percentage points [4] - The computer, communication, and other electronic equipment manufacturing industry has a capacity utilization rate of 79.0%, up by 1.1 percentage points [4]

2025年1—9月份，全国固定资产投资（不含农户）371535亿元，同比下降0.5%（按可比口径计算，详见附注7）。其中，民间固定资产投资同比下降3.1%。 从环比看，9月份固定资产投资（不含农户）下降0.07%。 分产业看，第一产业投资7344亿元，同比增长4.6%；第二产业投资134063亿元，增长6.3%；第三产业投资230128亿元，下降4.3%。 第二产业中，工业投资同比增长6.4%。其中，采矿业投资增长3.7%，制造业投资增长4.0%，电力、热力、燃气及水生产和供应业投资增长15.3%。 第三产业中，基础设施投资（不含电力、热力、燃气及水生产和供应业）同比增长1.1%。其中，水上运输业投资增长12.8%，铁路运输业投资增长4.2%，水 利管理业投资增长3.0%。 分地区看，东部地区投资同比下降4.5%，中部地区投资增长1.5%，西部地区投资增长1.5%，东北地区投资下降8.4%。 分登记注册类型看，内资企业固定资产投资同比下降0.6%，港澳台企业固定资产投资下降0.3%，外商企业固定资产投资下降12.6%。 2025年1—9月份固定资产投资（不含农户）主要数据 | | 指 标 同比增长（%） | ...