国内高频指标跟踪（2024年第49期）：汽车消费仍高，地产成交略降

Consumption - Automotive consumption remains strong, with retail and wholesale year-on-year growth rates recorded at 32.1% and 54.5% respectively[16] - Non-durable goods consumption, such as textiles and apparel, shows a slight decline, with the China Textile City transaction volume experiencing a seasonal drop but still recording a year-on-year growth of 29.0%[16] - Service consumption, including movie attendance and amusement park visits, has weakened, with movie attendance dropping to -31.3% year-on-year[18] Investment - Infrastructure funding remains relatively abundant, with new corporate medium to long-term loans amounting to 210 billion yuan, a year-on-year decrease of 236 billion yuan[22] - New housing sales in 30 major cities showed a seasonal increase, with average daily sales area at 430,000 square meters, but year-on-year growth fell to 17.2% due to a low base effect[22] - Construction progress in infrastructure and real estate is relatively fast, with the asphalt plant operating rate rising to 29.7%[23] Trade - South Korea's export data improved significantly, with a year-on-year increase of 12.4% in early December, while China's import growth surged to 30.2%[26] - Despite a slight decline in port data, the overall export outlook remains strong due to robust overseas demand and expectations of increased exports[26] Production - Steel production continues to weaken, with a decline in operating rates for blast furnaces and rebar, indicating ongoing challenges in the steel sector[30] - Coal and electricity demand is supported by seasonal increases, with coal consumption in coastal provinces showing a year-on-year positive change[30] Prices - Food prices have shown a marginal decline, with pork prices decreasing by 0.9% month-on-month and a year-on-year increase of 16.0%[42] - The Producer Price Index (PPI) for energy and construction materials remains stable, with coal prices recorded at 716 yuan per ton[43] Liquidity - The funding rates have slightly increased, with R007 and DR007 reported at 1.91% and 1.69% respectively, reflecting a week-on-week rise[45] - The US dollar index has risen to 106.94, with the exchange rate against the yuan at 7.280, indicating a strengthening dollar[45]