宏观经济宏观周报：本周国内经济增长动能边际有所改善

Economic Indicators - Domestic economic growth momentum has marginally improved, with the manufacturing PMI rising above the threshold while the construction PMI has fallen below it[12] - The construction PMI's decline is primarily due to the significant drop in the building installation and decoration sector, linked to the "strict control of increments" policy affecting new construction starts[12] - The Guosen High-Frequency Macro Diffusion Index A is at zero, indicating stable conditions, while Index B remains unchanged from last week, suggesting no significant changes in investment, real estate, and consumption sectors[15] Price Trends - Food prices have slightly increased, while non-food prices have decreased; the overall CPI is expected to show a month-on-month decline of approximately -0.5% for November[14] - The PPI is projected to rise to -2.7% year-on-year, with a month-on-month change of about -0.1% for November, reflecting a continued decline in production material prices[56] Market Predictions - Current domestic interest rates are low, and the Shanghai Composite Index is high; predictions indicate that the ten-year government bond yield will rise while the Shanghai Composite Index will decline in the upcoming week[14] - The predicted ten-year government bond yield for the week of December 13, 2024, is 2.50%, while the Shanghai Composite Index is expected to be 3,091.44[25]