二、工业生产者价格环比变动情况 工业生产者出厂价格中，生产资料价格上涨0.4%，涨幅比上月回落0.1个百分点，影响工业生产者出厂 价格总水平上涨约0.26个百分点。其中，采掘工业价格上涨1.6%，原材料工业价格上涨0.5%，加工工业 价格上涨0.2%。生活资料价格上涨0.1%，涨幅与上月相同，影响工业生产者出厂价格总水平上涨约0.02 个百分点。其中，食品价格上涨0.2%，衣着价格下降0.2%，一般日用品价格上涨0.5%，耐用消费品价 格下降0.4%。 2020年8月份，全国工业生产者出厂价格同比下降2.0%，环比上涨0.3%;工业生产者购进价格同比下降 2.5%，环比上涨0.6%。1―8月平均，工业生产者出厂价格比去年同期下降2.0%，工业生产者购进价格 下降2.7%。 一、工业生产者价格同比变动情况 工业生产者出厂价格中，生产资料价格同比下降3.0%，降幅比上月收窄0.5个百分点，影响工业生产者 出厂价格总水平下降约2.19个百分点。其中，采掘工业价格下降5.8%，原材料工业价格下降6.4%，加工 工业价格下降1.4%。生活资料价格同比上涨0.6%，涨幅比上月回落0.1个百分点，影响工业生产者出厂 价格总 ...

Economic Overview - The overall economic operation of Jiangsu Province is stable and progressing in 2023, with industrial value-added growth of 6.6% year-on-year from January to November [1] - In November, the industrial value-added increased by 5.1% year-on-year, with significant growth in equipment manufacturing (7.5%), high-tech manufacturing (10.4%), and digital core product manufacturing (10.2%) [1] Industrial Performance - The manufacturing sectors such as computer, communication, and other electronic equipment saw a growth of 13.5%, while railway, shipbuilding, aerospace, and other transportation equipment grew by 13.3% [1] - Fixed asset investment decreased by 9.1% year-on-year from January to November, with infrastructure investment down by 2.9% [1] - Manufacturing investment declined by 4.4%, accounting for 46.2% of total investment, which is an increase of 2.3 percentage points compared to the same period last year [1] Service Sector - The revenue of the service industry increased by 7.5% year-on-year from January to October, with notable growth in resident services (15.5%), repair and other services (13.4%), and scientific research and technical services (10.1%) [1] Consumer Market - The total retail sales of social consumer goods reached 42,586.8 billion yuan, growing by 3.8% year-on-year from January to November [2] - In November, retail sales of new energy vehicles, smart home appliances, and audio-visual equipment grew by 26.2%, 13.1%, and 12.0% respectively [2] - The wholesale and retail sectors saw sales growth of 5.1% and 7.1% year-on-year, while accommodation and catering sectors grew by 2.5% and 5.4% respectively [2] Financial Sector - By the end of November, the balance of RMB deposits in financial institutions reached 27 trillion yuan, a year-on-year increase of 7.8% [2] - The balance of RMB loans was 28.2 trillion yuan, with a year-on-year growth of 9.4% [2] Price Trends - In November, the consumer price index increased by 0.6% year-on-year, while the cumulative index from January to November showed a decrease of 0.3% [3] - The producer price index for industrial producers decreased by 2.4% year-on-year in November, with a cumulative decline of 2.7% from January to November [3]

Economic Overview - The province's economy showed overall stability in the first ten months of the year, with industrial growth, declining fixed asset investment, expanding market sales, and rapid export growth [1] Industrial Performance - The added value of industrial enterprises above a designated size increased by 1.5% year-on-year, with high-tech manufacturing growing by 3.9% [1] - By sector, mining increased by 7.8%, manufacturing by 0.7%, and electricity, heat, gas, and water production and supply by 0.1% [2] - State-owned enterprises saw a 2.2% increase in added value, while foreign and Hong Kong, Macao, and Taiwan-invested enterprises experienced a decline of 5.9% [2] - Among 40 industrial categories, 23 reported year-on-year growth, resulting in a growth rate of 57.5% [2] - Notable growth sectors included chemical fiber manufacturing (growth of 7.7 times), transportation equipment manufacturing (growth of 47.1%), and gas production and supply (growth of 21.6%) [2] Investment Trends - Fixed asset investment decreased overall, but manufacturing investment rose by 6.2%, with high-tech manufacturing investment increasing by 10.8% [2] - Investment in the primary industry grew by 5.1% year-on-year [2] Market Sales - The total retail sales of consumer goods reached 877.98 billion yuan, reflecting a year-on-year growth of 3.5% [3] - Sales of essential goods remained stable, with food and oil retail sales increasing by 13.4% and daily necessities by 11.8% [3] - Upgraded consumer goods saw significant sales growth, including wearable smart devices (growth of 15.5 times) and energy-efficient home appliances (growth of 1.3 times) [3] Trade Performance - The province's total import and export value reached 338.37 billion yuan, marking a 9.6% increase [3] - Agricultural product exports totaled 27.67 billion yuan, with a year-on-year growth of 9.9% [3] - Machinery and electrical products exports were 170.59 billion yuan, growing by 8.5%, with notable increases in ship and automotive parts exports [3] Price Trends - Consumer prices remained stable overall, while industrial producer prices experienced a decline [4]

Core Insights - In October 2025, the national industrial producer's ex-factory prices decreased by 2.1% year-on-year, with the decline narrowing by 0.2 percentage points compared to the previous month, while month-on-month, it shifted from flat to an increase of 0.1% [1] - The average industrial producer's ex-factory prices from January to October 2025 fell by 2.7% year-on-year, and the industrial producer's purchase prices decreased by 3.2% [1] Year-on-Year Changes - In October, the prices of production materials dropped by 2.4%, contributing approximately 1.77 percentage points to the overall decline in industrial producer's ex-factory prices. The mining industry saw a price drop of 7.8%, raw materials decreased by 2.5%, and processing industry prices fell by 1.9% [3] - Consumer goods prices decreased by 1.4%, impacting the overall industrial producer's ex-factory prices by about 0.36 percentage points. Food prices fell by 1.6%, while clothing prices decreased by 0.3% [3] Month-on-Month Changes - In October, the prices of production materials increased by 0.1%, contributing approximately 0.08 percentage points to the overall rise in industrial producer's ex-factory prices. The mining industry prices rose by 1.0%, while raw materials remained flat, and processing industry prices increased by 0.1% [8] - Consumer goods prices remained stable, with food and clothing prices each declining by 0.1%, while general daily goods prices increased by 0.7% [8] Price Changes by Category - In the industrial producer's purchase prices, fuel and power prices decreased by 7.4%, agricultural and sideline products fell by 5.2%, and chemical raw materials dropped by 5.0%. However, prices for non-ferrous metal materials and wires increased by 7.5% [7] - The main industry price changes included a 1.6% increase in coal mining and washing, a 5.3% increase in non-ferrous metal mining, and a 2.4% increase in the non-ferrous metal smelting and rolling industry [11][12]

Core Insights - In October 2025, the national industrial producer's ex-factory prices decreased by 2.1% year-on-year, with a narrowing decline of 0.2 percentage points compared to the previous month, while month-on-month, prices increased by 0.1% [1][9] - The average industrial producer's ex-factory prices from January to October 2025 fell by 2.7% compared to the same period last year [1][9] Group 1: Year-on-Year Changes - In October, the prices of production materials decreased by 2.4%, contributing approximately 1.77 percentage points to the overall decline in industrial producer's ex-factory prices [2] - The mining industry saw a significant price drop of 7.8%, while raw materials and processing industries experienced declines of 2.5% and 1.9%, respectively [2][9] - Prices for living materials decreased by 1.4%, with food prices down by 1.6% and durable consumer goods down by 3.2% [2][9] Group 2: Month-on-Month Changes - In October, the prices of production materials increased by 0.1%, contributing approximately 0.08 percentage points to the overall increase in industrial producer's ex-factory prices [7] - The mining industry prices rose by 1.0%, while raw materials remained stable and processing industry prices increased by 0.1% [7][9] - Living materials prices remained unchanged, with food and clothing prices both decreasing by 0.1% [7][9] Group 3: Industrial Purchase Prices - The industrial producer's purchase prices decreased by 2.7% year-on-year, with a 3.2% decline on average from January to October 2025 [9] - Fuel and power prices fell by 7.4%, while prices for non-ferrous metals and wires increased by 7.5% [6][9] - The prices of agricultural and sideline products decreased by 5.2%, and chemical raw materials saw a decline of 5.0% [6][9]

Transportation Economic Operation in August - In August, the overall transportation economic operation continued to show a recovery trend, with stable growth in freight volume and cross-regional personnel flow, and a rapid increase in port cargo throughput [7] - The completed operating freight volume in August reached 5.06 billion tons, a year-on-year increase of 3.6%, with road freight volume at 3.75 billion tons (up 3.9%) and waterway freight volume at 0.85 billion tons (up 1.2%) [7] - The port cargo throughput in August was 1.59 billion tons, a year-on-year increase of 4.7%, with container throughput at 31.49 million TEUs, up 6.5% [5] Foreign Trade Performance in the First Three Quarters - In the first three quarters, China's total goods trade import and export reached 33.61 trillion yuan, a year-on-year increase of 4%, with exports at 19.95 trillion yuan (up 7.1%) and imports at 13.66 trillion yuan (down 0.2%) [11] - The growth rate of imports and exports accelerated quarterly, with the third quarter showing a growth of 6%, marking eight consecutive quarters of year-on-year growth [12] - The diversification of markets continued, with trade with countries involved in the Belt and Road Initiative reaching 17.37 trillion yuan, up 6.2%, accounting for 51.7% of total trade [12] Consumer Price Index (CPI) Trends - In September 2025, the national consumer price index (CPI) decreased by 0.3% year-on-year, with urban prices down 0.2% and rural prices down 0.5% [14] - Food prices fell by 4.4%, while non-food prices increased by 0.7%, leading to an average CPI decline of 0.1% from January to September [15] - The prices of various goods and services showed mixed trends, with fresh vegetable prices down 13.7% and pork prices down 17.0%, impacting the CPI significantly [16] Industrial Producer Price Trends - In September 2025, the industrial producer ex-factory price decreased by 2.3% year-on-year, with the decline narrowing by 0.6 percentage points from the previous month [20] - The average industrial producer ex-factory price from January to September fell by 2.8%, with the purchase price down by 3.2% [20] - The prices of production materials decreased by 2.4%, with mining industry prices down 9.0% and raw material industry prices down 2.9% [21]

Core Insights - In September 2025, the national industrial producer price index (PPI) showed a year-on-year decline of 2.3%, with the decrease narrowing by 0.6 percentage points compared to the previous month, while remaining stable month-on-month [1] - The average PPI from January to September 2025 decreased by 2.8% compared to the same period last year [1] Group 1: Year-on-Year Changes - The prices of production materials fell by 2.4%, contributing approximately 1.81 percentage points to the overall decline in the PPI [3] - The mining industry experienced a significant price drop of 9.0%, while raw materials and processing industries saw declines of 2.9% and 1.7%, respectively [3] - Consumer goods prices decreased by 1.7%, with food prices down by 1.7% and durable goods prices down by 3.9% [3][10] Group 2: Month-on-Month Changes - In September, the PPI for production materials remained unchanged, with mining prices increasing by 1.2% and processing prices decreasing by 0.1% [8] - Consumer goods prices fell by 0.2%, with food prices down by 0.1% and durable goods prices down by 0.4% [8] - The industrial purchase price index saw a month-on-month increase of 0.1%, with notable increases in non-ferrous metal materials and electrical wire prices by 1.2% [8][10] Group 3: Specific Price Changes - Fuel and power prices dropped by 8.1%, while chemical raw materials and agricultural products saw declines of 5.5% and 5.4%, respectively [7] - The prices of non-metallic building materials decreased by 4.5%, while non-ferrous metal materials and electrical wire prices increased by 6.6% [7][10] - The coal mining and washing industry saw a year-on-year price drop of 16.8%, while the non-ferrous metal mining industry experienced a price increase of 13.9% [10]

Economic Overview - Beijing's economy showed stable operation in the first eight months of the year, with a focus on balancing major event support and economic development [1] Industrial Production - The industrial added value for large-scale enterprises grew by 6.1% year-on-year, with significant growth in the computer, communication, and other electronic equipment manufacturing sector at 24.3% [2] - The automotive manufacturing sector increased by 11.1%, while the pharmaceutical manufacturing sector saw a decline of 9.2% [2] - Strategic emerging industries and high-tech manufacturing added value grew by 17.4% and 9.6%, respectively, with lithium-ion batteries and new energy vehicles seeing production increases of 2.1 times and 1.4 times [2] - The export delivery value of large-scale industries reached 138.85 billion yuan, marking a 5.2% increase [2] Fixed Asset Investment - Fixed asset investment (excluding rural households) rose by 10.0% year-on-year, with equipment purchase investment surging by 83.5% [3] - Infrastructure investment grew by 5.2%, while real estate development investment fell by 11.4% [3] - Investment in the first industry increased by 54.8%, and high-tech industry investment remained active with a growth of 58.2% [3] - The total area of housing under construction decreased by 7.2%, with residential construction area down by 8.0% [3] Consumer Market - Total market consumption increased by 0.3%, driven by a 4.4% rise in service consumption [4] - The total retail sales of consumer goods reached 866.11 billion yuan, a decline of 5.1% [4] - Retail sales of upgraded goods such as jewelry and cosmetics grew by 35.7% and 8.7%, respectively [4] - Automotive retail sales dropped by 19.4% due to insufficient market demand [4] Price Stability - The consumer price index fell by 0.4% year-on-year, with food prices down by 2.3% [5] - Industrial producer prices decreased by 1.8% year-on-year, with a notable decline in purchasing prices by 1.7% [5] - In August, the industrial producer prices continued to show a downward trend, with a year-on-year decrease of 1.9% [5]

Core Insights - In August 2025, the national industrial producer's ex-factory prices decreased by 2.9% year-on-year, with the decline narrowing by 0.7 percentage points compared to the previous month, and month-on-month prices remained flat after a 0.2% decline [1] - The average industrial producer's ex-factory prices from January to August 2025 also showed a year-on-year decrease of 2.9%, while the purchase prices dropped by 3.3% [1] Year-on-Year Changes in Industrial Producer Prices - In August, the prices of production materials fell by 3.2%, contributing approximately 2.40 percentage points to the overall decline in ex-factory prices. Specifically, the mining industry saw a price drop of 11.5%, raw materials decreased by 4.1%, and processing industry prices fell by 2.2% [4] - Prices of living materials decreased by 1.7%, impacting the overall ex-factory price level by about 0.45 percentage points. Food prices dropped by 1.7%, while clothing prices remained stable, general daily goods increased by 0.4%, and durable consumer goods fell by 3.7% [4] Month-on-Month Changes in Industrial Producer Prices - In August, the prices of production materials increased by 0.1%, contributing approximately 0.08 percentage points to the overall increase in ex-factory prices. The mining industry prices rose by 1.3%, raw materials increased by 0.2%, while processing industry prices remained unchanged [7] - Living materials prices decreased by 0.1%, affecting the overall ex-factory price level by about 0.03 percentage points. Food prices increased by 0.1%, clothing prices were stable, general daily goods decreased by 0.2%, and durable consumer goods fell by 0.3% [7] Key Data on Industrial Producer Prices - The industrial producer's ex-factory prices remained flat month-on-month and decreased by 2.9% year-on-year. The purchase prices also remained flat month-on-month and decreased by 4.0% year-on-year [9] - Specific categories such as fuel and power prices dropped by 9.7%, chemical raw materials by 6.2%, and black metal materials and agricultural products by 5.6%. Conversely, prices for non-ferrous metals and wires increased by 4.7% [6][9]

Core Insights - The Eurozone industrial producer prices increased by 0.4% month-on-month in July 2025, while the EU overall saw a 0.6% increase, marking the second consecutive month of growth following increases of 0.8% and 0.7% in June 2025 [1] - Year-on-year, the Eurozone industrial producer prices rose by 0.2% compared to July 2024, with the EU experiencing a 0.4% increase [1] Industry Performance - In July, energy prices in the Eurozone rose by 1.5% month-on-month, while capital goods prices increased by 0.1% and durable consumer goods prices by 0.2%. Non-durable consumer goods prices remained unchanged. Excluding energy, overall industrial prices remained stable [1] - Within the EU, energy prices saw a more pronounced increase, rising by 2.3% month-on-month [1] Year-on-Year Analysis - Year-on-year, energy prices in the Eurozone decreased by 1.2%, and intermediate goods prices fell by 0.3%. In contrast, capital goods, durable consumer goods, and non-durable consumer goods prices increased by 1.8%, 1.7%, and 1.9%, respectively [1] - In the EU, non-durable consumer goods prices increased by 2.2%, serving as a major supporting factor [1] Country-Specific Trends - Among member states, Romania, Bulgaria, and Slovakia recorded the highest month-on-month increases in industrial producer prices, with increases of 6.7%, 5.7%, and 2.8%, respectively [1] - Conversely, Estonia, Latvia, and Luxembourg experienced month-on-month declines in industrial producer prices, with decreases of 1.0%, 0.7%, and 0.4%, respectively [1] - Bulgaria, Denmark, and Romania reported significant year-on-year increases in industrial producer prices, reaching 10.7%, 4.5%, and 2.5%, respectively [2] - Estonia, Luxembourg, and Portugal saw notable year-on-year declines, with decreases of 6.1%, 4.5%, and 3.6%, respectively [2]