（已压缩）消费品工业研究2024年第3期（总39期）： 2024年上半年消费品工业总体运行情况及对策建议-水印版

Investment Rating - The report does not explicitly provide an investment rating for the consumer goods industry Core Insights - The consumer goods industry is a crucial sector in China, encompassing food, textiles, and traditional Chinese medicine, and plays a significant role in meeting the needs of the population [3] - In the first half of 2024, the consumer goods industry showed a stable growth trend, with production, investment, income, consumption, and exports all maintaining a recovery momentum [8] - Key challenges include a complex external environment, slow recovery of internal demand, and insufficient production momentum [8] Summary by Sections Overall Performance of the Consumer Goods Industry - In the first half of 2024, the added value of the consumer goods industry increased by 4.3% year-on-year, significantly higher than the 2023 annual growth rate [8] - The light industry and food industry contributed to approximately 40% of the total added value, with growth rates of 6.5% and 4.3% respectively [8] - The textile industry grew by 4.6%, while the pharmaceutical industry showed a rebound with a 1.2% increase [8] - Major product categories saw positive growth, with 40 out of 48 products experiencing year-on-year increases [8] Key Issues - The report identifies several issues, including slow recovery of effective demand and challenges in industrial upgrading [11][12] - The global economic growth remains weak, with political risks affecting economic stability [11] - The consumer goods industry faces difficulties in innovation and meeting consumer demands for upgraded products [14] Recommendations - The report suggests enhancing the resilience of the industrial chain and supply chain, and promoting high-quality development in the consumer goods industry [16] - It emphasizes the need for digital transformation and upgrading traditional industries to meet modern consumer demands [16] - Specific strategies include fostering new growth engines in the food sector, such as pre-prepared foods and high-quality infant products [25]