11月份国民经济运行成绩单出炉！

Core Insights - The overall economic operation in China remains stable with a focus on high-quality development and the implementation of proactive macro policies [1] Industrial Production - In November, the industrial added value above designated size increased by 4.8% year-on-year and 0.44% month-on-month [2] - By sector, mining increased by 6.3%, manufacturing by 4.6%, and electricity, heat, gas, and water production and supply by 4.3% [2] - High-tech manufacturing saw an 8.4% increase, outpacing the overall industrial growth by 3.6 percentage points [2] - The profit of industrial enterprises above designated size totaled 59,503 billion yuan, a year-on-year increase of 1.9% for the first ten months [2] Service Sector - The service production index grew by 4.2% year-on-year in November [3] - Key sectors such as information transmission, software, and IT services grew by 12.9%, while financial services increased by 5.1% [3] - The business activity index for services was at 49.5, indicating a stable outlook [3] Market Sales - The total retail sales of consumer goods reached 43,898 billion yuan in November, a year-on-year increase of 1.3% [4] - Online retail sales amounted to 144,582 billion yuan, growing by 9.1% year-on-year [4] - The retail sales of essential and some upgraded goods showed significant growth, with food and communication equipment sales increasing by 6.1% and 20.6%, respectively [4] Investment Trends - From January to November, fixed asset investment (excluding rural households) was 444,035 billion yuan, a year-on-year decrease of 2.6% [5] - Manufacturing investment grew by 1.9%, while real estate development investment fell by 15.9% [5] - High-tech industries, particularly information services and aerospace manufacturing, saw investment growth of 29.6% and 19.7%, respectively [6] Employment Situation - The urban surveyed unemployment rate averaged 5.2% from January to November, with November's rate at 5.1% [7] - The average weekly working hours for employees in enterprises was 48.6 hours [7]