Economic Indicators - M2 growth rate increased to 7.5% year-on-year as of the end of October, up 0.7 percentage points from September[4] - M1 decreased by 6.1% year-on-year, but the decline narrowed by 1.3 percentage points compared to September[4] - Social financing stock grew by 7.8% with an increment of 1.4 trillion yuan in October[4] Market Performance - The industrial added value for October grew by 5.3%, with foreign and Hong Kong-Macau enterprises seeing a rebound to 2.9% growth[8] - Retail sales recorded a growth of 4.8%, the highest since the beginning of the year, with commodity retail growth at 5.0%[8] - Fixed asset investment growth was 3.4%, while private investment saw a decline of 0.3%[8] Real Estate and Policy Changes - Real estate market remains weak with a decline of 10.3%, but tax policy adjustments aim to reduce transaction costs and stimulate demand[6] - The government announced an increase in public holidays, which is expected to boost consumer spending and tourism[10] Inflation and Monetary Policy - October CPI rose by 0.3%, while PPI fell by 2.9%, indicating weak price levels[8] - The Federal Reserve's stance suggests no urgency for interest rate cuts, with a 61.9% probability of a 25 basis point cut in December[12]
宏观周报：国内经济结构性矛盾展现向好拐点 海外美联储年内或不急于降息
Guo Xin Qi Huo·2024-11-18 07:07