宏观经济数据前瞻：2025年7月宏观经济指标预期一览

Economic Indicators - July 2025 domestic CPI is expected to be approximately 0.5% month-on-month, with a year-on-year rate remaining at 0.1%[3] - July PPI is projected to be around 0.1% month-on-month, with a year-on-year increase to -3.3%[3] - Industrial added value is expected to slightly decline to 6.3% year-on-year in July[3] - Retail sales of consumer goods are anticipated to rise to 5.0% year-on-year in July[3] - Fixed asset investment is forecasted to decrease slightly to 2.5% year-on-year cumulative[3] - Exports in dollar terms are expected to continue a slight increase to around 6.0% year-on-year[3] Financial Metrics - Trade surplus for July is projected at $1,002 million, down from $1,148 million[4] - Monthly credit increment is expected to be 2,900 million yuan, significantly lower than the previous 22,400 million yuan[4] - Total social financing monthly increment is forecasted at 16,000 million yuan, down from 41,993 million yuan[4] - M2 year-on-year growth rate is expected to remain stable at 8.3%[4]