【宏观经济】一周要闻回顾(2025年10月1日-10月15日)

Transportation Economic Operation in August - In August, the overall transportation economic operation continued to show a recovery trend, with stable growth in freight volume and cross-regional personnel flow, and a rapid increase in port cargo throughput [7] - The completed operating freight volume in August reached 5.06 billion tons, a year-on-year increase of 3.6%, with road freight volume at 3.75 billion tons (up 3.9%) and waterway freight volume at 0.85 billion tons (up 1.2%) [7] - The port cargo throughput in August was 1.59 billion tons, a year-on-year increase of 4.7%, with container throughput at 31.49 million TEUs, up 6.5% [5] Foreign Trade Performance in the First Three Quarters - In the first three quarters, China's total goods trade import and export reached 33.61 trillion yuan, a year-on-year increase of 4%, with exports at 19.95 trillion yuan (up 7.1%) and imports at 13.66 trillion yuan (down 0.2%) [11] - The growth rate of imports and exports accelerated quarterly, with the third quarter showing a growth of 6%, marking eight consecutive quarters of year-on-year growth [12] - The diversification of markets continued, with trade with countries involved in the Belt and Road Initiative reaching 17.37 trillion yuan, up 6.2%, accounting for 51.7% of total trade [12] Consumer Price Index (CPI) Trends - In September 2025, the national consumer price index (CPI) decreased by 0.3% year-on-year, with urban prices down 0.2% and rural prices down 0.5% [14] - Food prices fell by 4.4%, while non-food prices increased by 0.7%, leading to an average CPI decline of 0.1% from January to September [15] - The prices of various goods and services showed mixed trends, with fresh vegetable prices down 13.7% and pork prices down 17.0%, impacting the CPI significantly [16] Industrial Producer Price Trends - In September 2025, the industrial producer ex-factory price decreased by 2.3% year-on-year, with the decline narrowing by 0.6 percentage points from the previous month [20] - The average industrial producer ex-factory price from January to September fell by 2.8%, with the purchase price down by 3.2% [20] - The prices of production materials decreased by 2.4%, with mining industry prices down 9.0% and raw material industry prices down 2.9% [21]