Core Viewpoint - The July economic indicators released by the National Bureau of Statistics show that despite short-term shocks from extreme weather and a complex international environment, the economy is exhibiting stable growth with five key characteristics: stable production supply, growing consumption and investment, resilient foreign trade, stable employment and prices, and the steady growth of new development momentum [1][3]. Group 1: Economic Characteristics - The economic operation in July displayed five main characteristics: 1. Stable growth in production supply 2. Continued growth in consumption and investment 3. Resilience in foreign trade 4. Overall stability in employment and prices 5. Steady growth of new development momentum [3][4][8]. Group 2: Consumption Trends - In July, the total retail sales of consumer goods increased by 3.7% year-on-year, with retail sales of goods growing by 4%. From January to July, service retail sales rose by 5.2%, indicating a stable overall trend [6][7]. - The summer season saw a concentrated release of consumer demand for travel, with various regions actively developing new models for cultural and tourism consumption, contributing to a vibrant market for sports events, movies, and performances [7][8]. Group 3: Investment Insights - Investment growth showed a slight decline due to extreme weather and project construction slowdowns, but the overall investment scale continued to expand. From January to July, investment in equipment and tools increased by 15.2% [7][8]. Group 4: New Development Momentum - The high-tech manufacturing sector performed well, with the value added of high-tech manufacturing industries growing by 9.3% year-on-year, outpacing the overall industrial growth rate. The production indices for information transmission software and IT services, as well as leasing and business services, increased by 11.9% and 8%, respectively [9][10]. - Online consumption also saw rapid growth, with the online retail sales of physical goods increasing by 6.3% year-on-year from January to July, reflecting a 0.3 percentage point acceleration compared to the first half of the year [10].
国家统计局权威解读:复杂环境下7月经济“新”特征明显
证券时报·2025-08-15 11:29