1-2月经济数据点评：经济数据取得开门红

Economic Performance - Industrial added value in January-February increased by 6.3% year-on-year, exceeding the market expectation of 5.23%[4] - Retail sales of consumer goods grew by 2.8% year-on-year, with non-automobile retail sales increasing by 3.7%[22] - Fixed asset investment rose by 1.8% year-on-year, with infrastructure investment up by 11.4%[33] Sector Analysis - High-tech industries saw a significant growth of 13.1% in industrial added value[2] - Mining industry added value increased by 6.1%, while manufacturing grew by 6.6%[2] - Real estate investment fell by 11.1%, with residential investment down by 10.7%[44] Consumer Behavior - Service consumption increased by 5.6% year-on-year, indicating a recovery in consumer spending[28] - Online retail sales grew by 9.2%, with physical goods online retail up by 10.3%[27] - The sales area of commercial housing decreased by 13.5%, and sales revenue dropped by 20.2%[48] Economic Outlook - The economic growth target for 2026 is set at 4.5%-5.0%, with a consumer price increase of around 2.0%[51] - The government aims to maintain policy flexibility to counteract external uncertainties, including potential global inflation and geopolitical tensions[51] - Risks include a potential second wave of global inflation and unexpected downturns in the European and American economies[51]