宏观经济数据前瞻：2025年8月宏观经济指标预期一览

Economic Indicators - August 2025 domestic CPI is expected to be approximately 0.1% month-on-month, with a year-on-year decline to -0.3%[3] - July 2025 PPI is projected to increase by about 0.4% month-on-month, with a significant year-on-year recovery to -2.5%[3] - Industrial added value is anticipated to rebound slightly to 6.0% year-on-year in August 2025[3] - Retail sales of consumer goods are expected to rise to 4.5% year-on-year in August 2025[3] Investment and Trade - Fixed asset investment is forecasted to continue declining, reaching a cumulative year-on-year growth of 1.3%[3] - Exports in dollar terms are projected to decrease to around 6.0% year-on-year[3] - Trade surplus for August 2025 is estimated at 992 million USD, up from 982 million USD in the previous period[4] Financial Metrics - Monthly increase in credit is expected to be 10,500 million CNY, a significant improvement from a decrease of 500 million CNY previously[4] - Total social financing is projected to increase by 26,000 million CNY for the month, compared to 11,320 million CNY previously[4] - M2 year-on-year growth rate is expected to remain stable at 8.8%[4]