Group 1 - The core viewpoint of the article indicates that the National Bureau of Statistics has released the price changes of important production materials in the circulation field for early September 2025, showing a mixed trend with 8 products increasing in price, 40 decreasing, and 2 remaining stable [1] Group 2 - In the oil and gas sector, the price of liquefied natural gas (LNG) is reported at 3924.7 yuan/ton, a decrease of 0.7% compared to the previous period [2] - The price of liquefied petroleum gas (LPG) is 4503.7 yuan/ton, reflecting an increase of 1.6% from the last period [2] - Gasoline prices for 95 National VI grade are at 8420.3 yuan/ton, down by 0.6%, while 92 National VI grade gasoline is priced at 8138.5 yuan/ton, also down by 0.7% [2] - Diesel (0 National VI) is priced at 7002.6 yuan/ton, showing a decrease of 0.6% [2] Group 3 - The previous price for liquefied natural gas (LNG) was 3951.6 yuan/ton, which indicates a decline of 2.2% from the prior period [3]

Core Insights - National Bureau of Statistics data indicates that from January to August 2025, national coke and steel production increased year-on-year, while crude steel and pig iron production continued to decline [1] Production Data Summary - From January to August, national coke production reached 33,406 million tons, a year-on-year increase of 2.8%. In August, coke production was 4,260 million tons, up 3.9% year-on-year and 1.8% month-on-month, resulting in an average daily production of 1.37 million tons, which is a 1.8% increase month-on-month [1] - From January to August, national pig iron production totaled 57,907 million tons, a year-on-year decrease of 1.1%. In August, pig iron production was 6,979 million tons, up 1.0% year-on-year but down 1.4% month-on-month, leading to an average daily production of 2.25 million tons, a 1.4% decrease month-on-month [1] - From January to August, national crude steel production amounted to 67,181 million tons, a year-on-year decline of 2.8%. In August, crude steel production was 7,737 million tons, down 0.7% year-on-year and 2.9% month-on-month, with an average daily production of 2.5 million tons, a 2.9% decrease month-on-month [1] - From January to August, national steel production reached 98,217 million tons, a year-on-year increase of 5.5%. In August, steel production was 12,277 million tons, up 9.7% year-on-year but down 0.1% month-on-month, resulting in an average daily production of 3.96 million tons, a 0.1% decrease month-on-month [1]

Core Insights - In August 2025, China's crude steel production was 77.37 million tons, a year-on-year decrease of 0.7%, while pig iron production increased by 1.0% to 69.79 million tons, and steel products rose by 9.7% to 122.77 million tons [1] - From January to August 2025, crude steel production totaled 671.81 million tons, down 2.8% year-on-year, while pig iron production decreased by 1.1% to 57.91 million tons, and steel products increased by 5.5% to 982.17 million tons [1] Industrial Growth - In August 2025, the value added of the mining industry grew by 5.1%, manufacturing by 5.7%, and the production and supply of electricity, heat, gas, and water by 2.4% [2] - By economic type, state-controlled enterprises saw a 4.7% increase, joint-stock enterprises grew by 6.0%, foreign and Hong Kong, Macao, and Taiwan-invested enterprises increased by 2.3%, and private enterprises grew by 4.6% [2] Sector Performance - Among 41 major industries, 31 reported year-on-year growth in value added in August 2025, with notable increases in coal mining (5.1%), oil and gas extraction (4.7%), and the processing of agricultural and sideline products (4.7%) [2] - The automotive manufacturing sector experienced an 8.4% growth, while the manufacturing of railway, shipbuilding, aerospace, and other transportation equipment surged by 12.0% [2] Product Output - In August 2025, out of 623 industrial products, 319 saw year-on-year production growth, including steel (122.77 million tons, up 9.7%), ethylene (3.14 million tons, up 10.4%), and automobiles (2.752 million units, up 10.5%) [3] - New energy vehicles specifically grew by 22.7% to 1.333 million units [3] Key Industrial Data - The total industrial output value for August 2025 was reported with a 5.2% increase, while the cumulative growth from January to August was 6.2% [5] - High-tech manufacturing saw a significant increase of 9.3% in August 2025 [5]

据国家统计局数据显示，8月份，我国服装、鞋帽、针纺织品类商品零售额为1045亿元，同比增长 3.1%。2025年1-8月份，我国服装、鞋帽、针纺织品类商品零售额为9400亿元，同比增长2.9%。 ...

9月15日，国家统计局新闻发言人就2025年8月份国民经济运行情况答记者问。会上，有记者提问"8月 份，PPI 环比结束连续 8 个月下行态势，同比降幅收窄。PPI 出现积极变化，背后的主要原因是什么?预 计后续 PPI 走势如何?" 对此，国家统计局新闻发言人、总经济师、国民经济综合统计司司长付凌晖表示，在宏观政策发力显 效、全国统一大市场建设纵深推进、企业竞争秩序逐步优化、新动能快速成长等因素带动下，8月份PPI 环比由降转平，同比降幅收窄。8月份，PPI同比下降2.9%，降幅比上月收窄0.7个百分点;环比持平，上 月环比下降0.2%。 8月份PPI同比降幅明显收窄：一是市场竞争秩序得到优化。近期相关部门积极推进行业自律，倡导抵制 企业无序竞争，推动重点行业产能治理，效果逐步显现。8月份，煤炭加工、黑色金属冶炼和压延加工 业、煤炭开采和洗选业出厂价格比上月收窄3.2-10.3个百分点，光伏设备及元器件制造、新能源车整车 制造价格同比降幅分别收窄2.8和0.6个百分点，上述5个行业对PPI同比的下拉影响比上月减少约0.5个百 分点。 二是新兴行业需求带动增强。随着我国经济结构调整稳步推进，产业高端化、智能化 ...

Core Insights - The industrial economy is showing steady progress with most industries and products experiencing growth, supported by robust equipment manufacturing and a rebound in raw materials manufacturing [1][2][5] Group 1: Industrial Production Growth - In the first eight months of the year, the industrial added value above designated size increased by 6.2% year-on-year, 0.4 percentage points higher than the same period last year [2] - In August, the industrial added value increased by 5.2% year-on-year, with a month-on-month growth of 0.37% after seasonal adjustments [2] - Among the three major sectors, manufacturing added value grew by 5.7%, outpacing the overall industrial growth by 0.5 percentage points [2] Group 2: Equipment Manufacturing - The added value of equipment manufacturing above designated size increased by 8.1% year-on-year, accounting for 35.6% of total industrial output, an increase of 1.0 percentage points from 2024 [3] - All eight industries within equipment manufacturing maintained growth, with the railway, shipbuilding, and aerospace sectors achieving a double-digit growth rate of 12.0% [3] - Key products in the mid-to-high-end equipment sector saw significant production increases, including civil steel ships (39.8%), generator sets (30.7%), and urban rail vehicles (15.3%) [3] Group 3: Raw Materials Manufacturing - The added value of raw materials manufacturing increased by 6.8% year-on-year, marking the highest growth rate in 18 months [3] - The non-ferrous metal industry saw a 9.1% increase in added value, driven by sustained high prices [3] - The petroleum processing industry maintained a double-digit growth rate of 10.2% [3] Group 4: High-Tech Manufacturing - High-tech manufacturing added value grew by 9.3% year-on-year, contributing 28.5% to the overall industrial growth [4] - Key sectors such as aircraft manufacturing and biopharmaceuticals saw substantial growth rates of 27.9% and 14.5%, respectively [4] - Notable product growth included servers (86.2%), mobile communication base station equipment (48.9%), and 5G smartphones (15.6%) [4] Group 5: Green Transition - The production of new energy vehicles, lithium-ion batteries for vehicles, and solar cells saw year-on-year increases of 22.7%, 44.2%, and 16.8%, respectively [5] - Green equipment production, such as wind turbines and charging piles, experienced rapid growth rates of 78.1% and 14.9% [5] - The supply of green materials also increased, with carbon fiber and bio-based chemical fibers growing by 62.0% and 22.8% [5]

Core Insights - In August, the production of raw coal in large-scale industries saw a narrowing decline, while crude oil production accelerated. Natural gas and electricity production maintained steady growth [1] Group 1: Electricity Production - In August, the electricity generation of large-scale industries reached 936.3 billion kWh, marking a year-on-year increase of 1.6%. Daily average electricity generation exceeded 30 billion kWh for the first time, reaching 30.2 billion kWh [1] - From January to August, the total electricity generation was 6419.3 billion kWh, reflecting a year-on-year growth of 1.5%. After adjusting for the number of days, the daily average electricity generation increased by 1.9% year-on-year [1] Group 2: Breakdown by Energy Source - In August, the growth rate of wind power in large-scale industries accelerated, while the decline in hydropower expanded. The growth rates for thermal power, nuclear power, and solar power slowed down [1] - Specifically, thermal power increased by 1.7% year-on-year, with a slowdown of 2.6 percentage points compared to July. Hydropower saw a decline of 10.1%, with the decline expanding by 0.3 percentage points from July. Nuclear power grew by 5.9%, slowing down by 2.4 percentage points from July [1] - Wind power experienced a significant growth of 20.2%, accelerating by 14.7 percentage points compared to July. Solar power grew by 15.9%, but the growth rate slowed down by 12.8 percentage points from July [1]

国家统计局数据显示，2025年8月份，全国规上工业天然气产量212亿立方米，同比增长5.9%；日均产量6.9亿立方米。2025年1-8月份，全国规 上工业天然气产量1737亿立方米，同比增长6.1%。 ...

8月份，规模以上工业（以下简称"规上工业"）原煤生产降幅收窄，原油生产增速加快，天然气、电力生产平稳增长。 一、原煤、原油和天然气生产及相关情况 1—8月份，规上工业原油产量14486万吨，同比增长1.4%。 原油加工较快增长。8月份，规上工业原油加工量6346万吨，同比增长7.6%；日均加工204.7万吨。 1—8月份，规上工业原油加工量48807万吨，同比增长3.2%。 天然气生产稳定增长。8月份，规上工业天然气产量212亿立方米，同比增长5.9%；日均产量6.9亿立方米。 原煤生产降幅收窄。8月份，规上工业原煤产量3.9亿吨，同比下降3.2%，降幅比7月份收窄0.6个百分点；日均产量1260万吨。 1—8月份，规上工业原煤产量31.7亿吨，同比增长2.8%。 原油生产增速加快。8月份，规上工业原油产量1826万吨，同比增长2.4%，增速比7月份加快1.2个百分点；日均产量58.9万吨。 分品种看，8月份，规上工业风电增速加快，水电降幅扩大，火电、核电、太阳能发电增速放缓。其中，规上工业火电同比增长1.7%，增速比7月份放缓 2.6个百分点；规上工业水电下降10.1%，降幅比7月份扩大0.3个百分点；规上 ...

Group 1: Coal, Oil, and Natural Gas Production - In August, the production of raw coal in large-scale industries was 390 million tons, a year-on-year decrease of 3.2%, with the decline narrowing by 0.6 percentage points compared to July, and the average daily output was 12.6 million tons [2] - From January to August, the total raw coal production reached 3.17 billion tons, showing a year-on-year increase of 2.8% [3] - The production of crude oil in August was 18.26 million tons, representing a year-on-year increase of 2.4%, with the growth rate accelerating by 1.2 percentage points compared to July, and the average daily output was 589,000 tons [5] - From January to August, the total crude oil production was 144.86 million tons, with a year-on-year increase of 1.4% [6] - The crude oil processing volume in August was 63.46 million tons, a year-on-year increase of 7.6%, with an average daily processing of 2.047 million tons [7] - From January to August, the total crude oil processing volume was 488.07 million tons, reflecting a year-on-year increase of 3.2% [8] - The natural gas production in August was 21.2 billion cubic meters, a year-on-year increase of 5.9%, with an average daily output of 690 million cubic meters [9] - From January to August, the total natural gas production reached 173.7 billion cubic meters, with a year-on-year increase of 6.1% [10] Group 2: Electricity Production - The electricity production in large-scale industries in August was 936.3 billion kilowatt-hours, a year-on-year increase of 1.6%, with the average daily generation surpassing 30 billion kilowatt-hours for the first time, reaching 30.2 billion kilowatt-hours [11] - From January to August, the total electricity production was 6,419.3 billion kilowatt-hours, showing a year-on-year increase of 1.5%, and the average daily generation increased by 1.9% after adjusting for the number of days [11] - In August, the growth rates for different types of electricity generation varied: thermal power increased by 1.7% (slowing by 2.6 percentage points from July), hydropower decreased by 10.1% (widening the decline by 0.3 percentage points), nuclear power grew by 5.9% (slowing by 2.4 percentage points), wind power surged by 20.2% (accelerating by 14.7 percentage points), and solar power increased by 15.9% (slowing by 12.8 percentage points) [12]