Core Viewpoint - The national economy in October 2023 continued to show a stable growth trend, with steady production demand, stable employment and prices, and ongoing transformation and upgrading [1] Economic Operation Overview - Production supply continued to grow, with agricultural production performing well and industrial production remaining stable, as evidenced by a 4.9% year-on-year increase in industrial added value in October [2] - Market sales expanded, with a 2.9% year-on-year increase in total retail sales of consumer goods in October, driven by consumption-boosting initiatives and holiday economic activities [2] Employment and Price Stability - The urban unemployment rate was 5.1% in October, marking a decline for two consecutive months [3] - Positive changes in prices were noted, with consumer prices turning from decline to increase and a narrowing decrease in industrial producer prices [3] Investment Structure and Potential - Fixed asset investment saw a year-on-year decline of 1.7% from January to October, with a 1.1% decrease in exports during the same period [4] - Despite the slowdown in investment growth, manufacturing investment increased by 2.7% year-on-year, accounting for 25.6% of total investment, up by 1.1 percentage points from the previous year [4] Outlook for the Year - There are favorable conditions for achieving the annual economic and social development goals, despite facing risks and challenges [5] - The economy has shown rapid growth this year, with stable employment and prices, laying a solid foundation for achieving annual targets [6] - The potential for demand continues to be released, with active market sales and a focus on strengthening domestic circulation [6]

Economic Overview - The national economy of China showed steady growth in October 2025, with a stable employment situation and ongoing transformation and upgrading trends [1] - The industrial production maintained resilience, with the industrial added value of large-scale enterprises increasing by 4.9% year-on-year and 0.17% month-on-month [1] Industrial Performance - The added value of the mining industry grew by 4.5%, manufacturing increased by 4.9%, and the electricity, heat, gas, and water production and supply industries rose by 5.4% [1] - Equipment manufacturing and high-tech manufacturing sectors were significant contributors to growth, with increases of 8.0% and 7.2% respectively [1] Service Sector - The service industry also demonstrated robust performance, with business activity indices in sectors such as railway transport, air transport, postal services, accommodation, and cultural and sports entertainment remaining above 60.0%, indicating a high level of economic activity [1] Consumer Market - The total retail sales of consumer goods reached 46.291 billion yuan in October, marking a year-on-year increase of 2.9% and a month-on-month increase of 0.16% [2] - Consumer prices turned from a decline to an increase, with a year-on-year rise of 0.2%, while the core Consumer Price Index (CPI), excluding food and energy, rose by 1.2%, an increase of 0.2 percentage points from the previous month [1]

Core Insights - The national economy in October showed overall stability with steady progress in transformation and upgrading, and the growth of new economic drivers continued to strengthen [1] Economic Performance - In October, the industrial production increased by 4.9% year-on-year, with the equipment manufacturing sector growing by 8.0% and high-tech manufacturing by 7.2% [1] - The service sector production index rose by 4.6% year-on-year in October [1] - Retail sales of consumer goods reached 46,291 billion yuan, marking a 2.9% year-on-year increase [1] - From January to October, the retail sales in the service sector grew by 5.3%, with a slight acceleration of 0.1 percentage points compared to the first three quarters [1] - Manufacturing investment increased by 2.7% from January to October [1] - The total value of goods imports and exports in October was 37,028 billion yuan, reflecting a 0.1% year-on-year growth [1] Employment and Prices - The urban surveyed unemployment rate in October was 5.1%, a decrease of 0.1 percentage points from the previous month [1] - The Consumer Price Index (CPI) rose by 0.2% year-on-year in October, indicating a shift from decline to growth in consumer prices [1] Challenges and Future Outlook - The external environment remains unstable and uncertain, and there are significant pressures from domestic structural adjustments [2] - The focus moving forward will be on expanding domestic demand, stabilizing employment, businesses, markets, and expectations, while promoting effective macroeconomic policies and deepening reforms [2]

Core Viewpoint - The national economy in October 2025 continued to show a stable growth trend, with steady production demand, stable employment and prices, and ongoing transformation and upgrading [1] Economic Operation Overview - Production supply continued to grow, with agricultural production performing well and industrial production remaining stable, as evidenced by a 4.9% year-on-year increase in industrial added value in October [2] - Market sales expanded, with a 2.9% year-on-year increase in total retail sales of consumer goods in October, driven by consumption-boosting initiatives and holiday economic activities [2] Employment and Price Stability - The urban surveyed unemployment rate in October was 5.1%, marking a decline for two consecutive months [3] - Positive changes in prices were noted, with consumer prices turning from decline to increase and a narrowing of the decline in industrial producer prices [3] Investment Structure and Potential - Fixed asset investment saw a year-on-year decline of 1.7% from January to October, with a 1.1% decrease in exports in October [4] - Despite the slowdown in investment growth, the structure is optimizing, particularly in manufacturing, which saw a 2.7% year-on-year increase in investment from January to October [4] Outlook for the Year - There are favorable conditions for achieving the annual economic and social development goals, despite existing risks and challenges [5] - The economy has laid a solid foundation for achieving annual targets, with stable growth, employment, and prices, as well as a balanced international payment situation [6] Demand and Production Capacity - Market sales are steadily expanding, with active tourism, cultural, sports, and online consumption [6] - New productive forces are being cultivated, with significant growth in smart product manufacturing, including a 54.7% year-on-year increase in smart unmanned aerial vehicle manufacturing [6] Macro Policy Effects - The implementation of more proactive macro policies has positively impacted demand expansion and production increase, contributing to economic stability [6] - The overall economic foundation remains strong, with multiple advantages and resilience, supporting continued positive development [6]

Industrial Production - In October, the industrial added value above designated size increased by 4.9% year-on-year and 0.17% month-on-month [3] - The mining industry saw a year-on-year increase of 4.5%, manufacturing grew by 4.9%, and the production and supply of electricity, heat, gas, and water increased by 5.4% [3] - Equipment manufacturing and high-tech manufacturing grew by 8.0% and 7.2% year-on-year, respectively, outpacing the overall industrial growth by 3.1 and 2.3 percentage points [3] - From January to October, the industrial added value increased by 6.1% year-on-year [3] Service Sector - The service production index increased by 4.6% year-on-year in October [6] - Key sectors such as information transmission, software, and IT services grew by 13.0%, while leasing and business services and finance grew by 8.2% and 5.6%, respectively [6] - From January to October, the service production index increased by 5.7% year-on-year [6] Retail Sales - In October, the total retail sales of consumer goods reached 46,291 billion yuan, a year-on-year increase of 2.9% [9] - Online retail sales reached 127,916 billion yuan, growing by 9.6% year-on-year, with physical goods online retail sales accounting for 25.2% of total retail sales [9] - From January to October, the total retail sales of consumer goods increased by 4.3% year-on-year [9] Fixed Asset Investment - From January to October, fixed asset investment (excluding rural households) was 408,914 billion yuan, a year-on-year decrease of 1.7% [10] - Manufacturing investment grew by 2.7%, while real estate development investment fell by 14.7% [10] - High-tech industries such as information services and aerospace manufacturing saw significant investment growth of 32.7% and 19.7%, respectively [10] Trade and Exports - In October, the total import and export value reached 37,028 billion yuan, a year-on-year increase of 0.1% [11] - Exports decreased by 0.8% to 21,716 billion yuan, while imports increased by 1.4% to 15,311 billion yuan [11] - From January to October, general trade grew by 2.3%, accounting for 63.4% of total trade [11] Employment - The urban survey unemployment rate averaged 5.2% from January to October, with a slight decrease to 5.1% in October [14] - The unemployment rate for local registered labor was 5.3%, while for migrant labor it was 4.7% [14] Consumer Prices - In October, the Consumer Price Index (CPI) rose by 0.2% year-on-year, reversing a previous decline [16] - The core CPI, excluding food and energy, increased by 1.2% year-on-year [16] - The Producer Price Index (PPI) decreased by 2.1% year-on-year, with a narrowing decline compared to the previous month [16]

11月14日上午，国务院新闻办公室举行新闻发布会，国家统计局相关负责人介绍2025年10月份国民经济 运行情况。 发布会上，国家统计局新闻发言人付凌晖介绍了10月份经济运行出现的亮点和积极变化。今年10月份， 中国生产供给基本平稳，就业总体稳定，物价有所改善，新动能培育壮大，国民经济延续稳中有进发展 态势，尽管投资增速略有放缓，但投资结构在优化，中国的投资潜力和空间依然巨大。 国家统计局新闻发言人 付凌晖：居住价格上涨0.1%，生活用品及服务价格上涨1.9%，交通通信价格下 降1.5%，教育文化娱乐价格上涨0.9%，医疗保健价格上涨1.4%，其他用品及服务价格上涨12.8%。 发布会还介绍，货物进出口保持增长，贸易结构继续优化。1—10月份，一般贸易进出口增长2.3%，占 进出口总额的比重为63.4%。对共建"一带一路"国家进出口增长5.9%。 国家统计局相关负责人表示，总的来看，10月份国民经济运行总体平稳，也要看到，外部环境不稳定不 确定因素较多，经济平稳运行面临不少挑战。下阶段，要进一步强化创新驱动，促进经济质的有效提升 和量的合理增长。 10月国民经济运行出现积极变化 发布会介绍，10月份，国民经济保 ...

央视网消息：11月14日上午，国务院新闻办公室举行新闻发布会，国家统计局相关负责人介绍2025年10月份国民经济运行情况。 发布会介绍，10月份，国民经济保持总体平稳、稳中有进发展态势。其中，工业生产持续增长，装备制造业和高技术制造业增势较好。 国家统计局新闻发言人 付凌晖：10月份，全国规模以上工业增加值同比增长4.9%，环比增长0.17%。分产品看，3D打印设备、新能源汽 车、工业机器人产品产量同比分别增长30.8%、19.3%、17.9%。1—10月份，全国规模以上工业增加值同比增长6.1%。 付凌晖表示，10月份全国服务业生产指数同比增长4.6%。分行业看，信息传输、软件和信息技术服务业，租赁和商务服务业，金融业生 产指数同比分别增长13.0%、8.2%、5.6%。此外，10月份，全国居民消费价格（CPI）同比上涨0.2%，上月为下降0.3%；环比上涨0.2%。 国家统计局新闻发言人 付凌晖：居住价格上涨0.1%，生活用品及服务价格上涨1.9%，交通通信价格下降1.5%，教育文化娱乐价格上涨 0.9%，医疗保健价格上涨1.4%，其他用品及服务价格上涨12.8%。 发布会还介绍，货物进出口保持增长，贸易 ...

2025年1室10月 主要经济指标数据 涓 贺 412169亿元 4.3% 1至10月,社会消费品零售总额412169 亿元,同比增长4.3% 投资 408914亿元 1.7% 1至10月,全国固定资产投资(不含农户) 国家统计局11月14日发布2025年10月份 国民经济运行情况。总的来看,10月份 国民经济运行总体平稳,转型升级扎实 推进,发展新动能继续壮大。以下为1至 10月份主要经济指标数据: 工业 . % 1至10月,全国规模以上工业增加值同比 增长6.1% 服务业 0/0 1至10月,全国服务业生产指数同比增长 5.7% 408914亿元,同比下降1.7% 进出口 373090亿元 3.6% 1至10月,货物进出口总额373090亿元, 同比增长3.6%。 失业率 5,2% 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请 读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com （责任编辑：王治强 HF013） ...

央视网消息：国务院新闻办公室14日举行新闻发布会，国家统计局介绍10月份主要经济指标情况。数据显示，10月份，生产供给基本平 稳，就业总体稳定，国民经济保持总体平稳、稳中有进的发展态势。 服务业增势平稳，10月份服务业生产指数同比增长4.6%。市场销售规模持续扩大。 国家统计局新闻发言人付凌晖称："提振消费专项行动持续显效，假日经济带动作用明显，商品和服务零售持续增长。10月份社会消费品 零售总额同比增长2.9%，消费品以旧换新相关商品的销售保持较快增长。1—10月份，服务零售额同比增长5.3%，快于商品零售额增速。" 10月份，就业形势总体稳定。物价出现积极变化。 生产供给继续增长。农业生产形势较好，全年粮食丰收在望。 工业生产总体稳定，10月份规模以上工业增加值同比增长4.9%，继续保持总体稳定增长。其中，装备制造业增加值增长8%，明显快于规 模以上工业增长，对规模以上工业增长支撑作用明显。 工业生产者出厂价格降幅连续三个月收窄。高技术制造业增势良好，规模以上高技术制造业增加值同比增长7.2%，继续快于规模以上工 业增长。数实融合稳步推进，规模以上数字产品制造业增加值同比增长6.7%。中国经济转型升级态势 ...

Core Viewpoint - The National Bureau of Statistics reported that in October, production supply remained stable, employment was generally stable, prices showed improvement, new growth drivers were cultivated, and the national economy maintained an overall stable and progressive development trend [1] Group 1 - Production supply was fundamentally stable in October [1] - Employment conditions were overall stable during the same period [1] - Price levels showed signs of improvement [1] Group 2 - New growth drivers are being cultivated and strengthened [1] - The national economy is exhibiting a trend of overall stability and progress [1]