经济热力图：消费有所回暖

1. Report Industry Investment Rating There is no information about the industry investment rating in the provided content. 2. Core View of the Report The report indicates that consumption is showing signs of recovery, while different sectors of the economy are experiencing varying trends. The weekly economic index has rebounded, with both production and demand sub - indices rising. However, there are also areas of decline, such as in real estate sales and some export price indicators [1]. 3. Summary by Relevant Catalogs 3.1 Weekly Economic Index - The China Weekly Economic Index (WEI) last week was 6.9%, a 0.1 - percentage - point increase from the previous value. The WEI production sub - index was 7.9%, up 0.1 percentage points, and the WEI demand sub - index was 5.7%, up 0.2 percentage points. The supply - demand gap was - 2.2%, up 0.1 percentage points [1]. 3.2 Production - The 4 - week moving average year - on - year of rebar production last week was 25.1%, a 9.7 - percentage - point increase. The blast furnace operating rate was 83.3%, down 0.3 percentage points, and the automobile semi - steel tire operating rate was 73.1%, up 1.0 percentage point [1]. 3.3 Infrastructure - The cement shipment rate last week was 39.8%, down 0.3 percentage points. The cement mill operating rate was 37.9%, up 0.3 percentage points, and the petroleum asphalt plant operating rate was 30.7%, down 2.2 percentage points [1]. 3.4 Real Estate - The 4 - week moving average year - on - year of the commercial housing sales area in 30 large and medium - sized cities last week was - 14.3%, a 1.9 - percentage - point decline. The 4 - week moving average year - on - year of the land occupation area of land transactions in 100 large - and medium - sized cities was - 13.0%, a 11.0 - percentage - point decline [1]. 3.5 Consumption - The year - on - year of the daily average retail sales of passenger cars last week was 8.0%, a 12.0 - percentage - point increase. The 4 - week moving average year - on - year of movie box office was 45.6%, up 18.5 percentage points. The 4 - week moving average year - on - year of domestic flight execution numbers was 1.4%, up 0.3 percentage points, and the 4 - week moving average year - on - year of subway passenger volume in Beijing, Shanghai, Guangzhou, and Shenzhen was 2.0%, up 1.4 percentage points [2]. 3.6 Export - South Korea's export year - on - year in mid - August was 18.0%, a 22.3 - percentage - point increase from the first ten - day period. The 4 - week moving average year - on - year of the Shanghai Export Container Freight Index (SCFI) last week was - 54.4%, down 0.2 percentage points, and the 4 - week moving average year - on - year of the Baltic Dry Index (BDI) was 17.6%, down 0.9 percentage points [2]. 3.7 CPI - The 4 - week moving average year - on - year of the agricultural product wholesale price 200 index last week was - 9.2%, a 2.0 - percentage - point decline. The 4 - week moving average year - on - year of the average wholesale price of pork was - 23.3%, down 2.4 percentage points, and the 4 - week moving average year - on - year of the average wholesale price of 28 key monitored vegetables was - 18.1%, down 2.6 percentage points [2]. 3.8 PPI - The 4 - week moving average year - on - year of the Nanhua Composite Index last week was 3.5%, a 0.7 - percentage - point increase. The 4 - week moving average year - on - year of the Brent crude oil spot price was - 14.4%, down 0.2 percentage points. The 4 - week moving average year - on - year of the rebar price was 2.5%, up 1.1 percentage points. The 4 - week moving average year - on - year of the Qinhuangdao Port steam coal closing price was - 19.0%, up 2.1 percentage points, and the 4 - week moving average year - on - year of the cement price index was - 10.1%, up 0.4 percentage points [3].