国内高频指标跟踪（2024年第50期）：汽车消费有韧性，地产销售略回落

Consumption - Automotive consumption remains resilient, with the four-week average retail sales growth increasing from 3.9% to 4.3%[11] - Non-durable goods consumption shows marginal improvement, with textile and apparel sales in China’s textile city rising 30.0% year-on-year[11] - Movie consumption weakens, with attendance and box office figures declining to -42.5% and -43.7% respectively[34] Investment - New housing sales in 30 major cities average 452,000 square meters daily, with year-on-year growth slowing from 17.1% to 7.0%[15] - Land transaction area increased seasonally, but the premium rate fell to a low of 1.9%, indicating a stagnant land market[15] - Infrastructure investment is picking up, with new contracts for major construction firms showing a year-on-year increase[37] Trade and Production - Port data shows a narrowing year-on-year decline in the number of outbound vessels to 13.2%, indicating potential strength in exports[17] - Steel production remains weak, with various production rates declining, while coal and electricity demand is supported by seasonal factors[20] - The average daily coal consumption in coastal provinces shows a seasonal increase, but the growth rate is weaker than previous years[20] Inventory and Prices - Asphalt inventory is rising, while steel inventory reduction is slower than expected[48] - The Producer Price Index (PPI) for building materials has seen a decline, reflecting price adjustments in the sector[1] - CPI shows a slight decrease in pork prices, with year-on-year growth for fruits and eggs increasing, while vegetable prices have dropped to -0.6%[50]