国家统计局：2025年全社会固定资产投资491109亿元，比上年下降3.9%

Core Insights - The National Bureau of Statistics released the 2025 National Economic and Social Development Statistical Bulletin, indicating a decline in total fixed asset investment by 3.9% year-on-year, amounting to 49.11 trillion yuan [1] Investment Overview - Total fixed asset investment (excluding rural households) reached 48.52 trillion yuan, showing a decrease of 3.8% compared to the previous year [1] - By region, investment in the eastern region fell by 8.4%, the central region by 2.7%, the western region by 1.3%, and the northeastern region by 15.5% [1] Sectoral Investment Analysis - In fixed asset investment (excluding rural households), the primary industry saw an investment of 957 billion yuan, which is a growth of 2.3% [1] - The secondary industry recorded an investment of 17.74 trillion yuan, reflecting a growth of 2.5% [1] - The tertiary industry experienced a decline in investment to 29.82 trillion yuan, down by 7.4% [1] Infrastructure and Private Investment - Infrastructure investment decreased by 2.2% [1] - Investment in the social sector dropped by 8.5% [1] - Private investment fell by 6.4%, with private project investment (excluding real estate development) declining by 1.9% [1] - In the manufacturing sector, private investment decreased by 0.2%, while private investment in infrastructure grew by 1.7% [1]