Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Jiangsu Province's industrial added value showed a year-on-year growth of 7.5% in November 2024, indicating a positive trend in industrial production and market demand [7][8] - The fixed asset investment in Jiangsu Province increased by 1.5% year-on-year from January to November 2024, with infrastructure investment growing by 12.8% [19][21] - The retail sales of consumer goods reached 396.21 billion yuan in November 2024, reflecting a year-on-year growth of 4.6% [29][30] - The service sector's revenue from large-scale enterprises grew by 9.0% year-on-year, with significant contributions from the leasing and business services sector [34] Summary by Sections Macroeconomy - Industry: In November 2024, Jiangsu's industrial added value increased by 7.5% year-on-year, with high-tech manufacturing sectors like computer and electronic equipment showing growth rates of 12.2% and 12.5% respectively [7][8] - Investment: Fixed asset investment grew by 1.5% year-on-year, with infrastructure projects seeing a notable increase of 12.8% [19][21] - Consumption: The consumer market showed signs of recovery, with retail sales reaching 396.21 billion yuan, a 4.6% increase year-on-year [29][30] - Service Industry: The service sector's revenue increased by 9.0% year-on-year, with significant growth in production services [34] - Price Index: The Consumer Price Index (CPI) showed a slight increase, indicating stable price levels across various categories [36][38] - Finance: The balance of household deposits rose to 25.1 trillion yuan, reflecting a 4.8% year-on-year growth [40][42] - Foreign Trade: Exports totaled 323.24 billion yuan in November, marking a 4.15% year-on-year increase, while imports decreased by 7.15% [46][48] Policy and Industry Insights - Policy: The report highlights policies aimed at promoting high-quality development in the petrochemical industry and stimulating consumption [19] - Industry Observation: Various measures are being implemented to drive industrial upgrades and innovation [19]
智研咨询发布《江苏省宏观经济专题研究报告》
Zhi Yan Zi Xun·2025-04-23 23:35