11月经济数据前瞻：CPI同比或明显上行

Group 1: Economic Outlook - CPI is expected to rise significantly from 0.2% to around 0.7% year-on-year due to food price fluctuations[3] - Industrial production growth is projected at approximately 5.3% for November, supported by external demand[4] - Exports are anticipated to increase by about 5% year-on-year in dollar terms, with imports also expected to rise by 5%[4] Group 2: Financial Indicators - New social financing is estimated at 1.6 trillion yuan, a decrease of 650 billion yuan compared to the same period last year[6] - M2 growth is expected to be around 8.0%, while M1 is projected to grow by approximately 5.6%[6] - The stock of social financing growth is forecasted to decline to about 8.3%[6] Group 3: Investment and Consumption - Fixed asset investment growth is expected to fall to around -2.4% for January to November, with real estate investment down by 15.5%[4] - Retail sales growth is projected at 2.6%, with essential consumption growing at 4.0% and subsidy-related items declining by 3.0%[22] - Real estate sales area growth is expected to be around -20% for November, with cumulative growth from January to November at -8.1%[18]