Economic Growth Indicators - The GDP growth rate for Q3 2024 was 4.6%, slightly below the previous value of 4.7% and in line with market expectations of 4.5%[1] - The industrial added value for September increased by 5.4%, surpassing both the previous value of 4.5% and market expectations of 4.5%[1] - Fixed asset investment grew by 3.4%, unchanged from the previous month but down 0.5 percentage points from Q2 2024[4] Sector Performance - The growth rates for the primary, secondary, and tertiary industries in Q3 were 3.2%, 4.6%, and 4.8% respectively, with the secondary industry showing a significant decline[2] - Real estate development investment fell by 10.1%, indicating ongoing weakness in the sector[5] - Manufacturing investment rose by 9.2%, contributing positively to overall fixed asset investment[4] Consumer and Employment Trends - Retail sales of consumer goods increased by 3.2% year-on-year, up from 2.1% in the previous month[1] - The national urban unemployment rate decreased to 5.1%, down from 5.3% in the previous month, suggesting some improvement in the job market[1][6] - Disposable income per capita grew by 5.2%, while consumer spending increased by 5.6%, indicating a gradual recovery in household consumption[6] Future Outlook - The economic recovery is expected to remain limited, with internal demand issues persisting despite potential policy support in Q4 2024[2] - GDP growth is projected to rise above 5% in Q4 2024, supported by coordinated monetary and fiscal policies[2][3]
【数据分析】9月经济数据解读:经济修复效果有限,稳增长将进一步发力
Rui Da Qi Huo·2024-10-24 02:30