Economic Overview - In August, the national economy maintained overall stability with steady progress, supported by stable production demand, employment, and prices [1][3][4] - Industrial production showed rapid growth, with the industrial added value for large-scale enterprises increasing by 5.2% year-on-year and 0.37% month-on-month in August [1] - The manufacturing purchasing managers' index (PMI) was at 49.4%, a slight increase of 0.1 percentage points from the previous month, indicating a stable manufacturing sector [1] Service Sector - The service sector experienced robust growth, with the service production index rising by 5.6% year-on-year in August [1] - Online retail sales reached 99.828 billion yuan, reflecting a year-on-year growth of 9.6% [1] Investment Trends - Fixed asset investment (excluding rural households) totaled 326.111 billion yuan from January to August, showing a year-on-year increase of 0.5% [2] - Manufacturing investment grew rapidly, while private investment saw a decline of 2.3% year-on-year [2] Trade Performance - In August, the total value of goods imports and exports was 38,744 billion yuan, marking a year-on-year increase of 3.5% [2] - Exports amounted to 23,035 billion yuan, up by 4.8%, while imports were 15,709 billion yuan, increasing by 1.7% [2] Employment and Prices - The urban survey unemployment rate averaged 5.2% from January to August, with a slight increase to 5.3% in August [3] - The Consumer Price Index (CPI) decreased by 0.4% year-on-year in August, while the Producer Price Index (PPI) saw a year-on-year decline of 2.9%, with a narrowing of the decline compared to the previous month [3] Policy and Future Outlook - The government is implementing proactive macro policies to stabilize employment, businesses, and market expectations, aiming for steady economic growth [4] - The overall economic operation is stable, with a focus on high-quality development and addressing external uncertainties [4]

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].

Economic Overview - The national economy maintained overall stability and progress in the first eight months of 2025, supported by proactive macro policy adjustments and the promotion of a unified national market [3] Industrial Performance - The industrial added value of large-scale enterprises increased by 6.2% year-on-year from January to August [4] Service Sector - The service production index grew by 5.9% year-on-year during the same period [4] Consumer Spending - The total retail sales of consumer goods reached 3,239.06 billion yuan, reflecting a year-on-year growth of 4.6% [5] Investment Trends - Fixed asset investment (excluding rural households) amounted to 3,261.11 billion yuan, with a year-on-year increase of 0.5%. Excluding real estate development investment, fixed asset investment grew by 4.2% [6] Trade Activity - The total import and export value reached 2,956.96 billion yuan, showing a year-on-year growth of 3.5% [7] Employment and Unemployment - The average urban survey unemployment rate was 5.2% from January to August [7] Price Levels - The Consumer Price Index (CPI) decreased by 0.1% year-on-year during the first eight months [8]

Economic Performance Summary - The industrial added value of enterprises above designated size increased by 5.2% year-on-year in August [3] - The service production index rose by 5.6% year-on-year in August [3] - The total retail sales of consumer goods grew by 3.4% year-on-year in August [3] - Overall, the national economy is operating steadily with progress [3]

Economic Overview - In August, China's economy showed overall stability with a solid push towards high-quality development, supported by more proactive macro policies [1] - The industrial output maintained a rapid growth rate, with the industrial added value for large-scale enterprises increasing by 5.2% year-on-year [1] - The manufacturing sector performed well, with a 5.7% increase in manufacturing added value, outpacing the overall industrial growth [1] Sector Performance - In agriculture, early rice production saw a slight increase, and the planting area for autumn grain showed a stable slight rise, with overall growth conditions being normal [1] - The service sector also demonstrated strong performance, with the service production index rising by 5.6% year-on-year, surpassing industrial growth [1] Domestic Demand - Domestic demand continued to expand, with social retail sales of consumer goods increasing by 3.4% year-on-year in August, supported by a strong performance in trade-in related goods [4] - For the first eight months, service retail sales grew by 5.1%, outpacing the growth rate of goods retail sales [4] - Fixed asset investment for January to August saw a 0.5% year-on-year increase, with manufacturing investment growing by 5.1%, significantly higher than the overall investment growth [4] Stability in Key Indicators - Key production and demand indicators remained stable, with industrial added value, service production index, social retail sales, and import-export growth rates consistent with the previous months [8] Innovation and Upgrading - The transformation and upgrading of industries continued, with significant growth in smart vehicle equipment manufacturing and electronic components, which saw increases of 17.7% and 13.1% respectively [11] - The added value of equipment manufacturing and high-tech manufacturing increased by 8.1% and 9.3% year-on-year, both significantly outpacing the overall industrial growth [11]

Economic Overview - In August, the national economy operated smoothly with macro policies working in coordination, and high-quality development achieved new results [1] - The industrial added value of large-scale industries increased by 5.2% year-on-year in August [1] Industrial Performance - The added value of the equipment manufacturing industry grew by 8.1%, and the high-tech manufacturing industry increased by 9.3%, both exceeding the overall industrial growth by 2.9 and 4.1 percentage points respectively [3] Service Sector Growth - The service production index rose by 5.6% year-on-year in August, with positive developments in modern service sectors such as information transmission, software, IT services, and finance [5] Consumer Market - The total retail sales of consumer goods reached 39,668 billion yuan in August, marking a year-on-year growth of 3.4% [7] - Retail sales in cultural, sports, leisure services, tourism consulting, and transportation services experienced rapid growth [7] Real Estate Market - The year-on-year decline in commodity housing sales prices across various city tiers continued to narrow in August, with first, second, and third-tier cities seeing reductions of 0.2, 0.4, and 0.5 percentage points respectively [8] Fixed Asset Investment - In the first eight months, fixed asset investment totaled 326,111 billion yuan, with a year-on-year growth of 0.5%, particularly in the manufacturing sector [9] - National railway fixed asset investment exceeded 504.1 billion yuan, reflecting a year-on-year increase of 5.6% [11] Agricultural Sector - Over 100 million tons of summer grain have been purchased, with the market expected to become more active as traditional consumption peaks approach [15] Service Trade Conference - The 2025 China International Service Trade Fair concluded with over 900 outcomes achieved across various sectors, including construction, IT, and finance [16][18] - The event featured 13 thematic forums and 81 specialized forums, attracting 11.6 million professional attendees, a 12% increase from the previous year [16]

央视网消息：国务院新闻办公室9月15日上午举行新闻发布会，国家统计局介绍今年8月份国民经济 运行情况。 数据显示：8月份国民经济保持总体平稳、稳中有进发展态势。全国规模以上工业增加值同比增长 5.2%，装备制造业和高技术制造业增势较好。从服务业看，8月份，全国服务业生产指数同比增长 5.6%，保持较快增长。从消费看，市场销售平稳增长，服务零售增长较快。8月份，社会消费品零售总 额同比增长3.4%，保持平稳增长态势。从投资看，固定资产投资保持增长，制造业投资增长较快。 ...

Economic Overview - In August, the industrial added value of large-scale enterprises increased by 5.2% year-on-year, with a month-on-month growth of 0.37% [1][3] - The total retail sales of consumer goods reached 39,668 billion yuan in August, growing by 3.4% year-on-year [1][5] - Fixed asset investment (excluding rural households) amounted to 326,111 billion yuan from January to August, with a year-on-year increase of 0.5% [1][7] - The real estate development investment from January to August was 60,309 billion yuan, showing a decline of 12.9% [1][7] Industrial Production - The manufacturing sector saw a year-on-year growth of 5.7%, while the equipment manufacturing and high-tech manufacturing sectors grew by 8.1% and 9.3% respectively [3] - The production index for the service industry increased by 5.6% in August, with significant growth in information transmission, software, and financial services [4] Consumer Market - The online retail sales reached 99,828 billion yuan from January to August, with a year-on-year growth of 9.6% [5] - The retail sales of essential and upgraded consumer goods showed positive growth, with furniture and home appliances retail sales increasing by 18.6% and 14.3% respectively [5] Investment Trends - Manufacturing investment grew by 5.1%, while real estate investment saw a decline of 12.9% [7] - Infrastructure investment increased by 2.0%, indicating a focus on enhancing public facilities [7] Trade Performance - The total import and export value in August was 38,744 billion yuan, with exports growing by 4.8% [8] - Private enterprises accounted for 57.1% of total imports and exports, reflecting their increasing role in the economy [8] Employment and Prices - The urban unemployment rate was stable at 5.3% in August, with a slight seasonal increase [9] - The Consumer Price Index (CPI) decreased by 0.4% year-on-year, while the core CPI rose by 0.9% [10]

新华社权威快报 2025年8月 全国服务业生产指数同比增长5.6% 社会消费品零售总额同比增长3.4% 国民经济运行 益荫晋篇、扁中有地 新华社国内部出品 国家统计局9月15日发布数据显示 8月份 全国规模以上工业增加值同比增长5.2% 全国规模以上工业增加值 同比增长5.2% 全国服务业生产指数 同比增长5.6% 社会消费品零售总额 同比增长3.4% 国民经济运行总体平稳、稳中有进 记者：王雨萧 海报制作：贾稀荃 新华社国内部出品 ...

国家统计局9月15日发布数据显示 8月份 新华社权威快报 2025年8月 全国规模以上工业增加值 同比增长5.2% 全国服务业生产指数 同比增长5.6% 社会消费品零售总额 同比增长3.4% 国民经济运行 益荫晋篇、扁中有地 新华社国内部出品 新华社国内部出品 【纠错】 【责任编辑:焦鹏】 全国规模以上工业增加值同比增长5.2% 全国服务业生产指数同比增长5.6% 社会消费品零售总额同比增长3.4% 国民经济运行总体平稳、稳中有进 记者：王雨萧 海报制作：贾稀荃 ...