宏观经济数据前瞻：2025年6月宏观经济指标预期一览

Economic Indicators - June 2025 domestic CPI is expected to be approximately -0.1% month-on-month, with a slight year-on-year recovery to 0.0%[3] - June 2025 PPI is projected to be around -0.3% month-on-month, continuing to decline year-on-year to -3.4%[3] - Industrial added value for June is expected to remain stable at 5.8% year-on-year, unchanged from the previous month[3] Investment and Consumption - Retail sales of consumer goods are forecasted to decrease slightly to 6.0% year-on-year in June 2025[3] - Fixed asset investment is anticipated to drop marginally to a cumulative year-on-year growth of 3.6%[3] Trade and Financing - Exports in June 2025 are expected to decline to approximately 2.0% year-on-year[3] - The trade surplus for June is projected to be $1,104 million, an increase from $1,032 million in the previous month[4] - Monthly credit increment is expected to be 21,000 million yuan, significantly higher than the previous month's 6,200 million yuan[4] - Total social financing monthly increment is forecasted at 35,000 million yuan, up from 22,870 million yuan previously[4] Monetary Policy - M2 year-on-year growth rate is expected to be 7.8%, slightly down from 7.9%[4]