国内高频指标跟踪（2025年第49期）：内需仍待提振

Consumption - Overall commodity consumption is weak, with automotive sales declining and high-end liquor prices continuing to fall[1] - Seasonal recovery in textile and apparel demand is insufficient compared to the same period last year[1] - Service consumption shows stable population movement, with Shanghai's amusement consumption performing well in the off-season[1] Investment - Investment remains weak, with infrastructure construction slowing down and new home transactions marginally declining[1] - The area of new homes sold in 30 cities continues to decrease, with a slight narrowing of the year-on-year decline[14] - The proportion of second-hand home transactions has increased to 65.94%[14] Production - Production is expected to improve mainly due to year-end rush work, with coal inventory at ports continuing seasonal replenishment[1] - The operating rate of asphalt has slightly decreased to 27.8%, remaining at historical lows[14] - The operating rate of carbonates has increased, but remains at a relatively low level compared to the same period last year[23] Trade - The number of ships departing from ports has shown seasonal recovery, with domestic and international freight rates continuing to diverge due to demand differences[1] - Export value has increased, with a year-on-year growth rate of 17.3%[20] Prices - Industrial product prices have declined, with the PPI dropping by 0.97%[33] - CPI growth rate has decreased by 0.02 percentage points, with significant price increases in food and healthcare services[33] Liquidity - The US dollar index has fallen by 58 basis points to 98.4, influenced by the Federal Reserve's interest rate cuts[36] - The central bank's net currency injection was 4.7 billion yuan in the week of December 13[36]