【广发宏观贺骁束】高频数据下的6月经济：数量篇

Group 1 - The core viewpoint of the article highlights the mixed performance of various sectors in June, with a notable decline in coal-fired power generation and a slight recovery in construction-related activities [1][3][11] - The coal-fired power generation in June decreased by 1.8% year-on-year, contrasting with a 0.4% increase in May, indicating a downward trend in traditional energy sources as renewable energy gains market share [1][8] - Industrial operating rates showed seasonal characteristics, with steel and coking industries experiencing declines, while the automotive and chemical sectors, particularly styrene, showed marginal improvements [2][9][10] Group 2 - Infrastructure-related indicators improved significantly, with the national construction site funding availability rate at 59.1%, a month-on-month increase of 0.2 percentage points [3][11] - Cement dispatch rates rose to 40.8% year-on-year, up 3.1 percentage points compared to the previous year, indicating a positive trend in construction activity [11][12] - The average daily subway ridership in major cities increased by 2.0% year-on-year, reflecting stable social activity despite seasonal weather impacts [13][13] Group 3 - New home sales showed signs of weakening, with the average daily transaction area in 30 major cities down 8.6% year-on-year, compared to a decline of 3.3% in May [4][15][16] - The automotive and home appliance sectors remained bright spots in the economy, with passenger car retail sales increasing by 24% year-on-year in early June [6][17] - The three major home appliances maintained high sales growth rates, with online sales showing significant fluctuations throughout June [18][19][20] Group 4 - Container throughput growth slowed, but the number of container ships sent to the U.S. showed signs of stabilization, with a year-on-year increase of 9.5% in June [6][21][22] - The overall economic picture for June reflects resilience in the automotive and home appliance sectors, while traditional infrastructure projects are gradually gaining momentum [23][23]