2024年4月经济数据点评：工业生产偏强，投资和消费偏弱

Economic Performance - Industrial added value increased by 6.3% year-on-year in the first four months, up 0.2 percentage points from January-March[15] - In April alone, industrial added value rose by 6.7%, a significant increase of 2.2 percentage points compared to March[15] - High-tech manufacturing saw an impressive growth of 11.3% in April, surpassing the previous month's 7.6%[15] Investment Trends - Fixed asset investment (excluding rural households) reached 143,401 billion yuan, growing by 4.2% year-on-year, but down 0.3 percentage points from January-March[17] - Infrastructure investment (excluding electricity, heat, gas, and water supply) grew by 6.0%, a decline of 0.5 percentage points compared to the previous period[7] - Manufacturing investment increased by 9.7% in the first four months, although this was a slight slowdown of 0.2 percentage points from January-March[21] Real Estate Market - Real estate development investment fell by 9.8% year-on-year in the first four months, with the decline widening by 0.3 percentage points from January-March[18] - In April, the decline in real estate investment was 10.5%, an increase of 0.4 percentage points compared to March[18] - New housing sales area dropped by 20.2% year-on-year in the first four months, with a further decline of 0.8 percentage points from January-March[18] Consumer Spending - Total retail sales of consumer goods grew by 4.1% year-on-year in the first four months, down 0.6 percentage points from January-March[23] - In April, retail sales increased by only 2.3%, marking a decline of 0.8 percentage points from March[24] - The retail sales of automobiles saw a significant drop, with a year-on-year decline of 5.6% in April[24]