Group 1 - The Czech composite economic confidence index increased by 2.1 points in October, reaching 104.0 [1] - The business confidence index rose by 1.8 points to 103.4 [1] - The consumer confidence index saw a significant increase of 3.9 points, reaching 107.4 [1] Group 2 - The industrial sector's economic confidence index rose by 4.3 points [1] - Some areas of the service sector experienced a slight increase of 0.6 points [1] - The economic confidence indices for trade and construction sectors decreased by 4.0 and 3.6 points, respectively [1]

欧元区商业活动在10月意外加速，综合采购经理人指数（PMI）升至自2024年5月以来最高水平，欧元 区经济动能超市场预期。 24日公布的10月份欧元区综合PMI数据为52.2，高于9月的51.2，远超分析师预期的51，该数据已连续第 十个月位于荣枯线上方。数据超预期的表现主要受服务业推动，尤其是德国服务业表现强劲抵消了法国 的持续疲软。 本轮PMI超预 "尽管德国10月份经济形势显著好转，但法国经济萎缩速度却连续两个月加速。因此，欧元 区经济增长虽然略有加快，但远低于原本应有的水平。" 服务业领涨，制造业仍承压 从具体分项来看，服务业PMI领涨，欧元区服务业PMI从9月份的51.3升至52.6，达到14个月高点。制造 业略有好转，但喜忧参半，制造业产出增速达到51.1，略优于9月的50.0，而制造业整体PMI从9月份的 49.8上升至50，仅仅只是从收缩区间修复至荣枯线上。不过，企业在10月获得新订单的速度为两年半以 来最快，彰显欧元区获得经济增长动力。 整体就业状况有 期增长主要得益于德国服务业的强劲表现。德国10月综合PMI创下自2023年5月以来新高，相较之下， 法国私营部门活动已连续第14个月萎缩，政 ...

Core Viewpoint - China's goods trade achieved a record high in the first three quarters of 2025, with total imports and exports reaching 33.61 trillion yuan, reflecting a year-on-year growth of 4% [1][18]. Trade Performance - In the first three quarters of 2025, China's exports amounted to 19.95 trillion yuan, increasing by 7.1%, marking eight consecutive quarters of growth, while imports totaled 13.66 trillion yuan, showing a slight decline of 0.2% [18]. - Trade with ASEAN reached 5.57 trillion yuan, up 9.6%, accounting for 16.6% of China's total foreign trade, maintaining ASEAN's position as China's largest trading partner [3][24]. Global Trade Position - As of the first seven months of 2025, China's share of global goods trade stood at 11.8%, reinforcing its status as the world's largest goods trading nation [4][11]. Trade Resilience - Despite facing a challenging external environment, China's goods trade demonstrated strong resilience, characterized by stable trade performance, new growth drivers, and proactive foreign trade entities [7][9]. - The number of foreign trade entities with import and export performance reached 700,000, surpassing the total for the entire year of 2024 [27]. Export Structure and Growth - The export structure is continuously optimizing, with industrial robot exports increasing by 54.9% and wind power equipment exports growing by 23.9% in the first three quarters [11][25]. - Processing trade reached 6.18 trillion yuan, up 6.9%, representing 18.4% of total foreign trade, and is moving towards higher value-added segments [25]. Business Confidence - Recent surveys indicate that the export enterprise confidence index has risen for five consecutive months, while the import enterprise confidence index has increased for three months [13][27]. - Private enterprises accounted for 19.16 trillion yuan in imports and exports, growing by 7.8%, and have shown continuous growth for 22 consecutive quarters, solidifying their role as the backbone of foreign trade [21].

瓦加斯基金会指出，9月细分行业共有63%的企业信心上升，高于8月的比例，且所有行业调查的信心扩 散度均较上月有所改善。 本次调查的数据收集时间为9月1日至24日。业内人士认为，尽管企业信心出现小幅回升，但在高利率、 财政和外部环境压力持续且存在不确定性的背景下，巴西企业仍对未来经济前景保持谨慎。 新华财经圣保罗10月1日电 巴西瓦加斯基金会（FGV）1日公布的数据显示，9月巴西企业信心指数 （ICE）环比上升0.5点至89.9点，结束了此前连续三个月的下降趋势。 "9月企业信心的上升是一个积极信号，但尚不足以表明自6月以来的下行趋势已经结束。"负责该指数的 瓦加斯基金会巴西经济研究所（Ibre/FGV）学者阿洛伊西奥·坎佩洛在声明中表示，"该指数是对企业近 期经济活动的重新评估，而预期指标仍在下行，显示企业对未来三个月持悲观态度，对未来六个月的展 望略有改善。" 分项数据显示，企业现状指数上升1.1个点至93.8，而企业预期指数则下降0.3个点至85.9，创下自2020年 6月以来的最低水平。 （文章来源：新华财经） ...

Core Insights - The Italian National Institute of Statistics (ISTAT) reported that the business confidence index in Italy remained stable as of August 2025 [1] Industry Analysis - Business confidence in Italy showed a divergent trend across sectors: confidence in manufacturing, construction, and retail sectors declined, while the confidence in the market services sector significantly improved [1] - The decline in confidence in certain sectors was attributed to negative factors such as poor production or business expectations, inventory accumulation, and unfavorable order trends [1] - The recovery in market services confidence was primarily driven by positive developments in the transportation and warehousing, as well as information and communication industries [1]

Group 1 - The confidence index for large manufacturers in Japan has reached its highest level since December 2024 [1] - Conversely, the confidence index for large non-manufacturing enterprises in Japan has hit its lowest level since December 2024 [1]

Group 1 - The core viewpoint of the article highlights a significant shift in international perceptions towards China, with many businesses expressing confidence in expanding trade relationships with China and other regions despite global trade uncertainties [1][4][7] - A recent HSBC survey indicates that 74% of Hong Kong enterprises remain optimistic about international trade over the next two years, with a focus on deepening ties with mainland China, South Asia, and Europe [4][9] - The Morning Consult data shows that as of the end of May, China's net support rate stands at 8.8, while the U.S. is at -1.5, indicating a growing favorable perception of China compared to the declining reputation of the U.S. [2][7][8] Group 2 - 76% of Hong Kong businesses are adjusting pricing strategies to cope with rising costs and market changes, while 73% are exploring new markets less affected by trade disruptions [4][5] - In mainland China, 90% of enterprises are confident about continuing international trade, with 84% believing that trade uncertainties are driving them to innovate and seek new opportunities [4][9] - The CEO confidence index in the U.S. has dropped to 34 points, the lowest since the survey began in 1976, reflecting a pessimistic outlook on the economic future among U.S. business leaders [2][9]