2025年4月经济数据点评：经济基础需要巩固

Production Insights - In April, the industrial added value increased by 6.1% year-on-year, down 1.6 percentage points from the previous value of 7.7%[4] - The export delivery value rose by 0.9% year-on-year, a decrease of 6.8 percentage points from the previous value of 7.7%[4] Investment Trends - Fixed asset investment (excluding rural households) in April was 147,024 million yuan, with a year-on-year growth of 4.0%, down from 4.2%[5] - The year-on-year growth rate for April's fixed asset investment was 3.5%, a decline of 0.8 percentage points from the previous value of 4.3%[5] - Real estate development investment in the first four months was 27,730 million yuan, with a cumulative year-on-year decline of 10.3%[6] Consumption Patterns - The total retail sales of consumer goods in April reached 37,174 million yuan, with a year-on-year growth of 5.1%, down 0.8 percentage points from the previous value of 5.9%[7] - Restaurant income in April grew by 5.2% year-on-year, a decrease from the previous growth of 5.6%[7] Employment Data - The urban survey unemployment rate in April was 5.1%, a slight improvement from previous months[8] - The average working hours for employees in April were 48.3 hours per week, a minor decrease from 48.5 hours in March[8] Overall Economic Assessment - April showed short-term fluctuations in both production and demand, with production growth rates declining due to a weak base last year[9] - Investment growth rates also showed volatility, with a notable decline in real estate investment and a steady performance in infrastructure investment[9]