宏观经济周度高频前瞻报告：经济周周看：本周经济景气度总体平稳-20250427

Economic Growth Indicators - The GDP weekly high-frequency prosperity index for the week ending April 26 is 5.5%, remaining stable compared to the previous week's revised value of 5.5%[1] - The index indicates relative stability in economic growth, although there are risks of decline due to tariff impacts that require ongoing monitoring[1] Production Sector Insights - High-frequency indicators for both the service and industrial sectors are generally stable[12] - Daily production of pig iron by key enterprises remains steady, indicating stable conditions in the black metal sector[12] - The operating rate of automotive steel tires has slightly decreased, aligning with levels from the previous two years[12] Demand Side Analysis - Consumer demand shows signs of strengthening, while fixed asset investment is declining, and exports remain resilient[22] - The consumption high-frequency index indicates a slight recovery, with a projected year-on-year growth rate of 4.5% for retail sales in the fourth week of April[23] - The construction sector shows weakened physical workload and funding availability, with rebar apparent demand declining significantly[37] Real Estate Market Trends - New housing sales in 30 major cities increased by 12% week-on-week, totaling 162,000 square meters, although this represents an 18% year-on-year decline[50] - Land transaction volumes decreased by 19,000 square meters week-on-week, with total transaction value dropping by 8.3 billion yuan to 19.3 billion yuan[50] Price Trends - The agricultural wholesale price index decreased by 0.5% week-on-week, with average prices for pork rising by 0.65%[63] - The overall price of consumer goods is declining, influenced by rising temperatures and seasonal factors[63]