行业景气度观察系列11月第2期：地产销售增长延续，乘用车零售超出预期

Group 1: Real Estate and Consumer Sales - New housing sales in 30 major cities increased by 24.7% year-on-year, with first-tier, second-tier, and third-tier cities showing increases of 56.4%, 8.5%, and 32.5% respectively[9] - The retail sales of passenger cars in October rose by 11.3% year-on-year, exceeding previous expectations, with inventory levels decreasing by 14.7% month-on-month[21] - The average price of live pigs nationwide decreased by 1.8% week-on-week, indicating weak demand in the pork market[16] Group 2: Construction and Manufacturing - Construction demand remains weak, with rebar prices showing a slight increase of 0.3% week-on-week, while hot-rolled coil prices decreased by 0.3%[10] - The operating rate for half-steel and full-steel tires decreased by 0.1% and 1.9% respectively, indicating a slowdown in automotive production[29] - The average price of float glass increased by 4.6% week-on-week, reflecting stable demand in the market[28] Group 3: Logistics and Transportation - The logistics freight index increased by 5.5% week-on-week, indicating improved logistics conditions[11] - The number of domestic flights increased by 1.5% week-on-week, while international flights decreased by 0.5%, recovering to 75% of the levels seen in 2019[11] Group 4: Risks and Market Outlook - Risks include prolonged high overseas interest rates and uncertainties in global geopolitics, which may impact market stability[11] - Continued monitoring of housing demand improvement and the implementation of real estate policies is essential for future market trends[16]