国民经济延续稳中有进发展态势（权威发布）

Core Viewpoint - The national economy in October 2025 continued to show a stable growth trend, with steady production demand, stable employment and prices, and ongoing transformation and upgrading [1] Economic Operation Overview - Production supply continued to grow, with agricultural production performing well and industrial production remaining stable, as evidenced by a 4.9% year-on-year increase in industrial added value in October [2] - Market sales expanded, with a 2.9% year-on-year increase in total retail sales of consumer goods in October, driven by consumption-boosting initiatives and holiday economic activities [2] Employment and Price Stability - The urban surveyed unemployment rate in October was 5.1%, marking a decline for two consecutive months [3] - Positive changes in prices were noted, with consumer prices turning from decline to increase and a narrowing of the decline in industrial producer prices [3] Investment Structure and Potential - Fixed asset investment saw a year-on-year decline of 1.7% from January to October, with a 1.1% decrease in exports in October [4] - Despite the slowdown in investment growth, the structure is optimizing, particularly in manufacturing, which saw a 2.7% year-on-year increase in investment from January to October [4] Outlook for the Year - There are favorable conditions for achieving the annual economic and social development goals, despite existing risks and challenges [5] - The economy has laid a solid foundation for achieving annual targets, with stable growth, employment, and prices, as well as a balanced international payment situation [6] Demand and Production Capacity - Market sales are steadily expanding, with active tourism, cultural, sports, and online consumption [6] - New productive forces are being cultivated, with significant growth in smart product manufacturing, including a 54.7% year-on-year increase in smart unmanned aerial vehicle manufacturing [6] Macro Policy Effects - The implementation of more proactive macro policies has positively impacted demand expansion and production increase, contributing to economic stability [6] - The overall economic foundation remains strong, with multiple advantages and resilience, supporting continued positive development [6]