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实体经济图谱2024年第38期:乘用车销售显著回升
CAITONG SECURITIES·2024-10-20 08:03

Consumption and Retail - Since the beginning of October, retail sales of passenger cars have surged, with a growth rate of 20% in the first 13 days of the month, driven by vehicle scrappage and trade-in policies[1] - In September, the year-on-year growth rate of social retail sales rebounded to 3.2%, with retail sales above designated size turning positive at 2.6%[15] - The average wholesale price of agricultural products has continued to decline, with pork prices down by 0.2% and vegetable prices down by 5.9%[21] Real Estate Market - In the first 17 days of October, new home sales in 42 cities saw a narrowing decline of 22%, while second-hand home sales dropped slightly by 5.1%[5] - The average price of second-hand homes in 108 cities saw a month-on-month decline of 0.1%, while new home prices in 70 cities fell by 6.1% year-on-year in September[6] Manufacturing and Production - The operating rate of semi-steel tires reached a historical high, with an increase to 79.5%, while the operating rate of all-steel tires rose to 60.7%[7] - Steel production growth has significantly improved, with sample steel mills showing a production growth rate of -3.1%[40] Economic Indicators - The employment index rose to 4.1, with a year-on-year decline narrowing to 22.3%, indicating a recovery in labor demand[33] - The average actual revenue per available hotel room fell to 91.5 yuan, a year-on-year decline of 30.6%, marking the lowest level for the same period in recent years[29]