Economic Performance - In October, industrial added value grew by 5.3% year-on-year, a decrease of 0.1 percentage points from September[2] - The industrial enterprises' production and sales rate rose to 97.3%, up 1.3 percentage points from September, indicating improved supply-demand relations[2] - The trade surplus in October was 98.6 billion[7] External Demand - October export growth reached 12.7% in USD terms, a significant increase compared to September's 2.4%, while import growth fell to -2.3%[7] - The cumulative export growth from January to October was 5.1%, up from 4.3% in the previous period, while cumulative import growth was 1.7%[11] Domestic Demand - Social retail sales in October nominally increased by 4.8% year-on-year, a rise of 1.6 percentage points from September[3] - Fixed asset investment growth for the first ten months was 3.4%, consistent with the previous period, with manufacturing investment showing the strongest growth at 9.3%[6] Consumer Prices - The Consumer Price Index (CPI) in October showed a year-on-year increase of 0.3%, slightly below the expected 0.4%[17] - Food prices rose by 2.9% year-on-year, significantly higher than non-food prices, which fell by 0.3%[17] Real Estate Sector - The National Real Estate Market Index in October was 92.5, up 0.1 percentage points from September, indicating signs of recovery in the real estate sector[36] - New home prices in first-tier cities turned positive for the first time this year, with a month-on-month increase of 0.4%[36]
10月受出口和消费带动经济有所回暖
First Capital Securities·2024-11-22 08:02