10月国民经济运行总体平稳稳中有进

Core Insights - The national economy in October showed overall stability with steady progress in transformation and upgrading, and the growth of new economic drivers continued to strengthen [1] Economic Performance - In October, the industrial production increased by 4.9% year-on-year, with the equipment manufacturing sector growing by 8.0% and high-tech manufacturing by 7.2% [1] - The service sector production index rose by 4.6% year-on-year in October [1] - Retail sales of consumer goods reached 46,291 billion yuan, marking a 2.9% year-on-year increase [1] - From January to October, the retail sales in the service sector grew by 5.3%, with a slight acceleration of 0.1 percentage points compared to the first three quarters [1] - Manufacturing investment increased by 2.7% from January to October [1] - The total value of goods imports and exports in October was 37,028 billion yuan, reflecting a 0.1% year-on-year growth [1] Employment and Prices - The urban surveyed unemployment rate in October was 5.1%, a decrease of 0.1 percentage points from the previous month [1] - The Consumer Price Index (CPI) rose by 0.2% year-on-year in October, indicating a shift from decline to growth in consumer prices [1] Challenges and Future Outlook - The external environment remains unstable and uncertain, and there are significant pressures from domestic structural adjustments [2] - The focus moving forward will be on expanding domestic demand, stabilizing employment, businesses, markets, and expectations, while promoting effective macroeconomic policies and deepening reforms [2]