宏观经济周报-20250818

Economic Indicators - The ICHI Composite Economic Index has risen into the expansion zone, indicating robust economic momentum in China[1] - The Consumer Confidence Index has improved significantly, reaching its highest level in nearly a month[1] - The Investment Sentiment Index has notably increased, driven by policy support for infrastructure and manufacturing investments[1] Inflation and Prices - In July 2025, the CPI increased by 0.4% month-on-month, exceeding the seasonal level by 0.1 percentage points, while the core CPI rose by 0.8% year-on-year, the highest since March 2024[2] - The PPI decreased by 0.2% month-on-month and fell by 3.6% year-on-year, reflecting pressures from high temperatures and international trade uncertainties[2] Global Economic Trends - In the U.S., the July CPI rose by 0.2% month-on-month and 2.7% year-on-year, slightly below expectations[5] - The U.S. PPI increased by 3.3% year-on-year, significantly above the expected 2.5%, marking the highest level since February 2025[6] - The UK GDP grew by 0.3% quarter-on-quarter in Q2 2025, driven mainly by the services sector[5]