事关物价、民间投资、三季度经济运行，国家统计局最新研判

Core Viewpoint - The national economy of China is maintaining overall stability and progress, with a positive outlook for the third quarter, driven by consumer demand and supportive policies for private investment [1][9]. Economic Indicators - In August, the industrial added value for large-scale enterprises grew by 5.2% year-on-year, while the service production index increased by 5.6%, indicating robust growth in these sectors [3]. - The retail sales of consumer goods rose by 3.4% year-on-year in August, with a notable increase in sales related to trade-in programs [3]. - Fixed asset investment from January to August saw a 0.5% year-on-year increase, with manufacturing investment growing by 5.1%, significantly outpacing overall investment growth [3]. Employment and Unemployment - The urban unemployment rate in August was 5.3%, a slight increase of 0.1 percentage points from the previous month, but unchanged from the same month last year, indicating stable employment conditions [3]. Consumer Price Index (CPI) and Producer Price Index (PPI) - The core CPI, excluding food and energy, reached its highest level since February 2024, while the PPI's year-on-year decline has narrowed, suggesting potential stabilization in prices [6][7]. - Factors contributing to a potential rise in CPI include increased consumer demand due to seasonal changes and upcoming holidays, as well as regulatory measures to improve market competition [5][6]. Investment and Economic Policies - The environment for private economic development is improving, with policies aimed at expanding private investment space and supporting growth [12]. - From January to August, private fixed asset investment decreased by 2.3%, but excluding real estate, it grew by 3%, indicating a shift towards more stable investment patterns [12]. - The implementation of proactive fiscal policies and moderately loose monetary policies is expected to provide strong support for stable economic operations [10].