国家统计局：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%

Core Insights - National fixed asset investment (excluding rural households) for January to September 2025 reached 371,535 billion yuan, showing a year-on-year decline of 0.5% on a comparable basis [1] - Private fixed asset investment decreased by 3.1% year-on-year [1] Investment by Sector - First industry investment totaled 7,344 billion yuan, with a year-on-year growth of 4.6% [1] - Second industry investment amounted to 134,063 billion yuan, reflecting a growth of 6.3% [1] - Third industry investment was 230,128 billion yuan, showing a decline of 4.3% [1] - Within the second industry, industrial investment grew by 6.4% [1] - Mining investment increased by 3.7%, manufacturing investment rose by 4.0%, and investment in electricity, heat, gas, and water production and supply surged by 15.3% [1] - In the third industry, infrastructure investment (excluding electricity, heat, gas, and water production and supply) grew by 1.1% [1] - Water transport investment increased by 12.8%, railway transport investment grew by 4.2%, and water conservancy management investment rose by 3.0% [1] Regional Investment Trends - Eastern region investment declined by 4.5% year-on-year [1] - Central region investment increased by 1.5% [1] - Western region investment also grew by 1.5% [1] - Northeastern region investment saw a decline of 8.4% [1] Investment by Registration Type - Domestic enterprise fixed asset investment decreased by 0.6% year-on-year [1] - Investment from Hong Kong, Macau, and Taiwan enterprises fell by 0.3% [1] - Foreign enterprise fixed asset investment dropped significantly by 12.6% [1]