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Economic Overview - The national economy is generally stable with a trend of steady progress, characterized by stable production supply, overall employment stability, improved prices, and the cultivation of new growth drivers [1] Production and Supply - Agricultural production is favorable with an increase in autumn grain area and continuous improvement in yield, indicating a promising harvest for the year [3] - Industrial production remains stable, with a 4.9% year-on-year increase in the added value of industrial enterprises above designated size in October, supported significantly by an 8% increase in equipment manufacturing [3] - The service sector shows steady growth, with a 4.6% year-on-year increase in the service production index for October, influenced by the combined effect of the National Day and Mid-Autumn Festival [3] Market Sales - Retail sales continue to expand, with total retail sales of consumer goods reaching 46,291 billion yuan in October, a 2.9% year-on-year increase [4] - Notable growth in retail sales of communication equipment and cultural office supplies, with increases of 23.2% and 13.5% respectively [4] - Service retail sales from January to October grew by 5.3%, outpacing the growth of goods retail sales [4] Employment Situation - The urban survey unemployment rate decreased to 5.1% in October, down 0.1 percentage points from the previous month, marking two consecutive months of decline [5] - The unemployment rate for migrant agricultural workers is notably lower at 4.5%, down 0.2 percentage points from the previous month [5][6] Price Trends - Consumer prices have shifted from decline to increase, with a 0.2% year-on-year rise in October, compared to a 0.3% decline in the previous month [7] - The core Consumer Price Index (CPI), excluding food and energy, rose by 1.2%, with the increase rate expanding for six consecutive months [7] - The Producer Price Index (PPI) saw a narrowing decline of 2.1% year-on-year in October, indicating a positive trend [7] Transformation and Upgrading - High-tech manufacturing continues to grow, with a 7.2% year-on-year increase in added value for high-tech manufacturing enterprises above designated size in October [8] - The export of high-tech products increased by 7.3% in the first ten months [8] - The modern service industry is performing well, with significant growth in information transmission and software services, as well as leasing and business services [8] Investment and Foreign Trade - Fixed asset investment decreased by 1.7% year-on-year from January to October, but the investment structure is optimizing [9] - Manufacturing investment grew by 2.7%, accounting for 25.6% of total investment, an increase of 1.1 percentage points from the previous year [9] - Total import and export volume increased by 3.6% year-on-year in the first ten months, with exports growing by 6.2% [10] - In October, total import and export volume grew by 0.1% year-on-year, with imports increasing by 1.4% [10]