数据点评 | 12月经济：被忽视的“积极变化”（申万宏观·赵伟团队）

Core Viewpoint - The article highlights overlooked positive changes in the December economic data, suggesting a potential shift in economic momentum that could impact investment strategies and market outlooks [2] Group 1: Economic Indicators - December's economic data shows a surprising increase in industrial production, rising by 3.5% year-on-year, indicating a recovery in manufacturing activities [2] - Retail sales also experienced a notable growth of 5.0% year-on-year, reflecting stronger consumer spending and confidence [2] - The unemployment rate remained stable at 5.0%, suggesting a resilient labor market despite economic uncertainties [2] Group 2: Sector Performance - The service sector demonstrated robust growth, with a year-on-year increase of 6.2%, driven by recovery in tourism and hospitality [2] - The construction industry saw a rebound, with new housing starts increasing by 8.0% compared to the previous year, signaling renewed investment in real estate [2] - Exports showed a positive trend, with a 4.5% increase year-on-year, indicating strong global demand for domestic products [2] Group 3: Policy Implications - The article suggests that these positive economic indicators may prompt policymakers to consider adjustments in monetary policy to support continued growth [2] - There is an expectation for increased fiscal stimulus measures to further bolster economic recovery, particularly in infrastructure and technology sectors [2] - The potential for improved economic conditions may lead to a more favorable investment climate, attracting both domestic and foreign investments [2]