Production Data - In December 2024, the total production of air conditioners, refrigerators, and washing machines increased by 21.7% year-on-year, with air conditioner production up by 31.7%[5] - Lithium battery production in December 2024 reached 125 GWh, up from 116 GWh in November, indicating a 20% quarter-on-quarter growth expected for Q4 2024[5] - Solar panel production is projected to decline by approximately 9.7% month-on-month in December due to high inventory turnover and cost pressures[5] Cement and Steel Demand - Cement shipment volume decreased by 38.3% year-on-year, but this represents an improvement of 5.4 percentage points compared to the previous month, marking the strongest performance since August[15] - Apparent consumption of steel and building materials fell by 3.3% year-on-year, narrowing the decline by 1.6 percentage points from the previous month[15] Financial Conditions - As of December 24, 2024, the funding availability rate for construction sites improved to 65.71%, up by 0.83 percentage points from November 26, 2024[27] - Funding rates for non-residential and residential projects were 69.05% and 49.08%, respectively, reflecting increases of 0.89 and 1.12 percentage points from the previous month[27]
中国经济高频观察（2024年12月第4周）：12月高频数据表现如何
Ping An Securities·2024-12-30 02:19