Economic Overview - Domestic economic growth momentum has declined on a month-on-month basis, while the real estate sector has performed relatively well[12] - The Guosen high-frequency macro diffusion index A remains negative at -0.7, while index B has significantly dropped to 101.4, indicating a slowdown in investment and consumption sectors[15] - Real estate indicators show that the absolute value of housing transaction area has decreased but remains at a yearly high, with the building materials composite index continuing to rise[12] Price Trends - Both food and non-food prices have slightly decreased this week, with December CPI for food expected to be around zero, and overall CPI expected to decline to 0.1% year-on-year[13] - The domestic Producer Price Index (PPI) is projected to rise by 0.1% month-on-month in December, with a year-on-year increase to -2.1%[14] Market Predictions - Current domestic interest rates are low, while the Shanghai Composite Index is high; predictions indicate that the ten-year government bond yield will rise and the Shanghai Composite Index will decline in the week of December 20, 2024[12] - The predicted ten-year government bond yield for the week of December 20 is 2.42%, while the Shanghai Composite Index is expected to be 3,041.87[24] Risk Factors - There are uncertainties due to volatility in overseas markets, which may impact domestic economic conditions[57]
宏观经济宏观周报:国内经济增长动能环比回落,房地产表现相对较优
Guoxin Securities·2024-12-15 13:31