最新经济数据公布，主要指标增长

Core Viewpoint - The July economic data released by the National Bureau of Statistics indicates a mixed performance in various sectors, with exports showing resilience while other indicators like retail sales and investment have seen a decline compared to June [1][7]. Group 1: Trade and Exports - In July, the total goods import and export volume reached 3.91 trillion yuan, a year-on-year increase of 6.7%. Exports amounted to 2.31 trillion yuan, growing by 8.0%, while imports were 1.6 trillion yuan, up by 4.8% [1]. - July marked the second consecutive month of export growth, with an increase of 0.8 percentage points compared to June. Imports also showed significant improvement, with a rise of 2.4 percentage points from June [1][3]. - Despite a decline in exports to the U.S. due to tariffs, Chinese companies are actively exploring non-U.S. markets, leading to faster growth in exports to these regions [3]. Group 2: Consumer Spending - The total retail sales of consumer goods in July reached 3.88 trillion yuan, with a year-on-year growth of 3.7%, but a month-on-month decline of 0.14%. Retail sales of goods grew by 4.0%, while catering revenue increased by only 1.1% [3][5]. - The consumption upgrade policy significantly boosted the sales of key consumer goods in July, with retail sales of home appliances and audio-visual equipment, cultural and office supplies, furniture, and communication equipment showing year-on-year growth rates of 28.7%, 13.8%, 20.6%, and 14.9% respectively [5]. Group 3: Investment Trends - From January to July, fixed asset investment (excluding rural households) totaled 28.82 trillion yuan, with a year-on-year growth of 1.6%, a decline of 1.2 percentage points compared to the first half of the year. Manufacturing investment grew by 6.2%, while infrastructure investment increased by 3.2%, and real estate development investment fell by 12% [6]. - The decline in investment growth is attributed to various factors, including extreme weather conditions affecting construction, complex external environments, and weakened investment momentum in traditional sectors like real estate [6][7]. - The actual growth rate of fixed asset investment, after adjusting for price factors, is estimated to be around 4% to 5%, indicating steady expansion in physical investment [6].