每周经济观察第36期：基建高频继续回落-20250908

Economic Indicators - Huachuang Macro WEI index remains high at 6.75% as of August 31, up 0.59% from August 24[2] - Real estate sales show improvement with a 5.7% year-on-year increase in property transaction area for the first five days of September across 67 cities, compared to -18% in August[14] - JPMorgan Global Manufacturing PMI rises to 50.9 in August from 49.7 in July, indicating a recovery in external demand[29] Consumer Trends - Retail sales of passenger cars show a slowdown with a year-on-year growth of 2% as of August 31, down from 6% previously[13] - Subway ridership in 27 cities averages 78.44 million daily, up 8.9% year-on-year, but down from 80.4 million in August[3] Infrastructure and Production - Asphalt plant operating rate declines for three consecutive weeks, standing at 28.1% as of September 3, with a year-on-year increase of 3.8%[21] - Land premium rate remains low at 1.81% as of August 31, with a four-week average of 3.7%[14] Trade and Prices - Port container throughput shows a marginal decline but cumulative year-on-year growth reaches 9% as of August 31[29] - Gold prices rise to $3600.8 per ounce, up 3.6%, while polysilicon futures increase by 11.9% to 56,000 yuan per ton[46]