基建ETF（159619）盘中上涨1.1%，消费制造和装备制造业边际改善

Group 1 - The core viewpoint indicates that the construction industry is showing signs of recovery, with the business activity index rising to 49.3%, an increase of 0.2 percentage points from the previous month [1] - New orders and business activity expectation indices have improved by 1.6 and 0.7 percentage points respectively, indicating a synchronized improvement in the sector [1] - The National Development and Reform Commission has announced a total of 500 billion yuan in new policy financial tools aimed at supplementing project capital, with funds being rapidly allocated to specific projects [1] Group 2 - The construction industry is expected to see a rebound in prosperity due to the accelerated implementation of key construction projects and special bond funds [1] - The manufacturing PMI production index has reached its highest level since April 2025, with external demand improving more than internal demand, which may indirectly support the construction and decoration industries [1] - The Infrastructure ETF (159619) tracks the CSI Infrastructure Index (930608), which selects listed companies involved in the construction and machinery sectors to reflect the overall performance of the infrastructure construction field in China [1] Group 3 - The CSI Infrastructure Index has a high industry concentration, clearly reflecting the "infrastructure" theme, with constituent stocks primarily consisting of leading enterprises in the industry [1] - The index has a high state-owned enterprise characteristic, relatively low valuation levels, and good liquidity [1]