二手房挂牌价继续上涨——每周经济观察第60期

Economic Outlook - The sales decline of commercial residential properties has narrowed, with a 96% year-on-year increase in transaction area for 67 cities as of February 28, compared to the same period last year [2][14] - The resumption rate of construction after the Spring Festival is better than last year, with a 8.9% resumption rate for 10,692 construction sites as of February 25, marking a 1.5 percentage point increase year-on-year [2][19] Trade and External Demand - The average manufacturing PMI for the US, Europe, UK, and Japan rose to 52 in February, indicating a recovery in external demand [3][21] - China's port container throughput remains high, with a year-on-year marginal decline to 13.2% as of February 22 [3][21] Prices - Gold and copper prices have rebounded, with COMEX gold at $5,280 per ounce (up 4.1%) and LME copper at $13,482 per ton (up 5.2%) [3][29] - Agricultural product prices have generally fallen, with significant declines in egg prices (down 8%), pork prices (down 3.5%), and vegetable prices (down 5.9%) [4][30] Interest Rates and Bonds - The yield on 1-year, 5-year, and 10-year government bonds as of February 28 were 1.3168%, 1.5425%, and 1.7753%, respectively, with slight fluctuations compared to February 14 [4][41] - The net financing pace of government bonds is slowing, with a net financing of -710 billion for the week of March 2 [33][34] Consumer Demand - Service consumption remains stable, with domestic flight execution numbers up 4% year-on-year as of February 28 [14] - The second-hand housing listing prices in first-tier cities increased by 0.7% in the week of February 16, with a cumulative increase of 0.2% this year [3][30]