视频丨10月我国消费市场稳定向好 线下消费热度明显提升

Economic Performance Overview - The latest economic data for October indicates that China's economy continues to show a stable and improving trend, supported by strong fundamentals [1][20] - The consumption market is maintaining a stable upward momentum, characterized by the expansion of lower-tier markets and the leading role of cultural and tourism experiences [1][7] Consumption Market Insights - Offline consumption has seen significant growth, particularly in third-tier cities, with a year-on-year increase of 31.2%, while first-tier and second-tier cities grew by 18.9% and 14.5%, respectively [3] - The structural highlights in the consumption market are driven by the digital economy's proliferation and new consumption concepts brought by the "returning youth," leading to quality upgrades in county markets [5] Infrastructure and Construction Activity - In October, construction activity showed a month-on-month increase in both the commencement rate and workload, with the central region experiencing the highest growth [8] - The average operating rate of construction machinery increased by 1.4% month-on-month, reflecting strong resilience in economic operations despite seasonal and holiday disruptions [10][12] Industrial Production and Trade - Industrial production vitality has continued to enhance, with a year-on-year increase of 0.5 percentage points in the operating rate of major industrial products and a 19.8% increase in the industrial park production heat index [14] - The foreign trade vitality index, as a leading indicator, increased by 17.7% year-on-year, indicating a recovery in trade activities, particularly with the recent easing of Sino-US trade relations [18] Employment and Innovation - The employment stability policies have positively impacted the growth rates of the equipment manufacturing and high-tech manufacturing sectors, with a notable increase in the operational vitality index for startups and innovative enterprises [16][14]