新华财经北京2月27日电 春节假期消费热络，增值税发票、支付交易等数据亮眼；春运客流持续攀升， 铁路、民航发送量屡创新高，人员流动活跃度显著提升；资金面表现稳健，社会融资规模、信贷投放保 持合理增长……近期发布的多项高频数据显示，我国经济回升向好态势持续巩固，发展活力与潜力不断 释放。 消费彰显暖意 春节假期，增值税发票、交易支付等消费数据彰显了我国消费市场的暖意。 华创证券研究所联席所长、固收首席分析师周冠南表示，春节假期出行客流量再创新高。正月初一至初 四，单日客流量同比均超过2025年同期，百度迁徙规模指数同比增长在30%以上。 "截至2026年2月22日，全国跨区域人员流动量显著提升，显示2026年春运强度的提升，主要得益于假日 期间出游需求的有力支撑。"兴业证券研究报告显示。 资金流向持续优化 从最新金融数据来看，市场资金流向持续优化，资金规模与结构呈现出积极向好的发展态势。充裕且稳 定的资金支撑，为实体经济发展注入强劲动能。 国家税务总局增值税发票数据显示，2026年春节假期，全国消费相关行业日均销售收入与上年春节假期 相比增长13.7%。其中，政策赋能"焕新"，消费产品凸显智能化绿色化，包括扫地 ...

春节假期消费热络，增值税发票、支付交易等数据亮眼；春运客流持续攀升，铁路、民航发送量屡创新 高，人员流动活跃度显著提升；资金面表现稳健，社会融资规模、信贷投放保持合理增长……近期发布 的多项高频数据显示，我国经济回升向好态势持续巩固，发展活力与潜力不断释放。 消费彰显暖意 春节假期，增值税发票、交易支付等消费数据彰显了我国消费市场的暖意。 国家税务总局增值税发票数据显示，2026年春节假期，全国消费相关行业日均销售收入与上年春节假期 相比增长13.7%。其中，政策赋能"焕新"，消费产品凸显智能化绿色化，包括扫地机器人、投屏电视等 在内的日用家电销售收入增长19%，春节假期机动车充电销售收入大幅增长163.9%。文旅市场火热，旅 游相关服务销售收入增长39.6%，其中海南景区服务销售收入增长70.9%，数字文化服务、艺术表演场 馆销售收入分别增长38.8%、136.6%。 来自多个端口的交易数据也是春节消费暖意的有力证明。人民银行2月24日发布的数据显示，2026年春 节假期（2026年2月15日至2月23日），银联、网联共处理交易393.02亿笔，金额13.12万亿元，日均交易 笔数和金额分别较2025年春节 ...

春运保障再攀新高 长春机场航班量与旅客量双创新纪录 进入2026年春运以来，机场航班保障量节节走高、屡创佳绩：2月4日保障航班437架次，2月6日以442架次刷新历史峰值；2月8日、2月11日更是连续稳定 在439架次的高位运行；2月13日以443架次再次刷新历史新高，春运累计航班量增速高于全行业平均水平，充分彰显机场强劲的运行保障实力与航空市场 复苏活力。 为匹配高峰运行需求，长春机场还全面升级地面保障与旅客服务体系，优化冰雪游客体验、强化远机位旅客引导、完善特殊旅客全程帮扶、提升行李与货 运保障效率，持续强化机坪安全管控、廊桥资源高效调配与不正常航班应急响应，以标准化、精细化、人性化服务，为旅客营造安全、顺畅、温馨的出行 长春机场迎客流高峰 吉林机场集团供图 环境。 2026年春运进入春节假期高峰后，凭借冰雪旅游的强大吸引力和航空运力的精准投放，长春龙嘉国际机场航空市场持续火爆、运输生产屡创历史新高。2 月18日，机场单日旅客吞吐量达68899人次，刷新历史纪录，彰显着长春机场综合保障能力、航线网络韧性与区域航空枢纽地位再上新台阶，成为吉林冰 雪经济火爆、消费市场回暖、区域经济活力提升的生动缩影。 202 ...

新春佳节，我市推出多项惠民促销活动，以贴心实惠激活节日消费热潮，这些举措不仅保障消费者的合法权益，更成为了激发市场活力 的"催化剂"，为春城消费市场注入了强劲动力。 2月22日，记者在我市多家商场走访时看到，无论是服装专柜还是餐饮门店，收银台前主动索要发票的顾客络绎不绝。如今，这张小小的 发票不仅是消费凭证，更承载着新春的惊喜与好运。不少市民游客在购物结账后，都会第一时间上传发票参与抽奖，为喜庆的节日增添 了一份别样的期待。 市民 王岩岩：刚刚参与了抽奖，中了50元，特别好、特别开心，过年氛围也特别浓。 市民 赵志鹏：没想到吃饭消费还能参与抽奖，还能中10元钱，像收到新年红包一样，而且操作很简单，感觉特别开心。 商户 曹明宜：关于过年期间开发票抽奖活动，实打实地调动了市民们的积极性，门店的客单价和客流量也得到了很大的提升，店里的营 业额也比平时提升了很多。 一张张发票汇聚成消费市场的火热数据。据了解，自2月11日活动正式启动以来，截止到2月22日10时，全市累计参与抽奖的发票已超过 21万张，累计中奖金额约500万元。从十元的小惊喜到百元的好彩头，参与热度节节攀升。 长春市商务局工作人员 安魁：本次有奖发票活 ...

CPI同比温和上涨，是多重积极因素共同作用的结果，更折射出消费结构的优化升级，既体现了民生商 品的供应充足、价格平稳，也反映出服务消费与升级类商品消费的双重发力。 1月CPI同比细微的数据变化，体现在市场的每一处细节中。节前备货需求，带动农副食品等行业价格 上涨；文旅需求释放，拉动飞机票、旅行社收费等出行相关服务价格环比攀升；假期经济来临，推动文 娱等生活服务消费持续升温。这些亮点背后，是居民消费信心的提升，更是超大规模市场优势的充分显 现。 核心CPI的稳健表现成为消费回暖的"晴雨表"。相信随着宏观政策接续落地、全国统一大市场建设稳步 推进，居民就业和收入预期不断改善，内需潜力将进一步释放。(李心萍) 经济热点快评｜这两个0.2%，传递什么信号？ 国家统计局发布数据：1月份，居民消费价格指数(CPI)环比上涨0.2%，同比上涨0.2%，传递出消费需求 持续修复、市场潜力稳步释放的积极信号，彰显出我国消费市场的强劲韧性与内生动力。 1月份，核心CPI环比上涨0.3%，为近6个月最高。核心CPI温和上涨，叠加CPI连续多月环比正增长，充 分印证了国内消费市场持续恢复向好的趋势。 核心CPI指的是，剔除食品和能源 ...

Group 1 - The consumer market in Shanghai is experiencing a surge in activity, with significant enthusiasm from citizens and tourists for shopping during the New Year period [1] - The "1231 Year-End Carnival" at the Pudong First 800 Partner mall featured extended hours and strong promotional offers, leading to high foot traffic and sales [2][3] - The gold sales area in the mall was particularly busy, with brands implementing a ticketing system to manage customer flow, indicating high demand for gold jewelry [2] Group 2 - Various shopping centers in Shanghai organized diverse events and activities to attract consumers, particularly targeting younger demographics [4] - The West Bund and Jing'an Joy City saw significant participation in their New Year events, with many attendees engaging in shopping and social activities [4][5] - Reports indicate that several shopping districts extended their operating hours, resulting in increased foot traffic and sales, with notable growth in customer numbers and revenue across multiple venues [6]

Group 1 - The total retail sales of consumer goods in Guangzhou reached 1,007.8 billion yuan from January to November, with a year-on-year growth of 4.2%, indicating a recovery in the consumer goods market [1] - In November, the automotive retail market saw a significant boost due to year-end promotional activities, with retail sales of automotive goods reaching 114.4 billion yuan, a year-on-year increase of 4.2%, and a monthly growth rate of 64.1% [1] - The cumulative retail sales of new energy vehicles reached 50.7 billion yuan, with a year-on-year growth of 12.7% and a monthly growth rate of 118.3% in November [1] Group 2 - Online consumption in Guangzhou maintained strong growth, with retail sales through public networks amounting to 315.0 billion yuan, accounting for 31.3% of the total retail sales of consumer goods [2] - The restaurant sector experienced a boost, with online dining revenue reaching 16.6 billion yuan, a year-on-year increase of 16.2%, and a monthly growth rate of 23.7% in November [2] - Retail sales of sports and entertainment products and gold and silver jewelry reached 12.5 billion yuan and 16.3 billion yuan respectively, with year-on-year growth of 21.7% and 10.2% [2]

Economic Overview - Shenzhen's GDP for the first three quarters of 2025 reached 27,896.44 billion yuan, reflecting a year-on-year growth of 5.5% at constant prices, indicating strong economic resilience, potential, and vitality in the innovation city [1] Manufacturing Sector - The manufacturing sector continues to be a pillar of growth, with industrial added value above designated size increasing by 5.0% year-on-year, accelerating by 0.7 percentage points compared to the first half of the year [4] - Key industries such as general equipment manufacturing grew by 16.6%, instrument manufacturing by 7.5%, and computer, communication, and other electronic equipment manufacturing by 6.0% [4] - High-tech product output saw significant increases, with civil drones, industrial robots, and 3D printing equipment production rising by 46.9%, 38.2%, and 33.6% respectively, showcasing Shenzhen's strength in high-end manufacturing [4] Service Sector - The service sector showed a robust recovery, with added value reaching 17,932.93 billion yuan, a year-on-year increase of 6.6%, and an acceleration of 0.5 percentage points from the first half of the year [5] - The financial industry performed particularly well, growing by 14.5%, while information transmission, software, and IT services grew by 9.7%, and leasing and business services by 5.6% [5] - The consumer market exhibited a noticeable recovery, with total retail sales of consumer goods amounting to 7,560.81 billion yuan, a year-on-year growth of 3.6% [5] - The "old for new" consumption policy showed effectiveness, with retail sales of home appliances and audio-visual equipment, cultural and office supplies, and communication equipment increasing by 41.5%, 28.2%, and 6.1% respectively [5] - Online retail maintained rapid growth, with retail sales through the internet increasing by 17.8% [5] Foreign Trade and Financial Sector - Shenzhen's foreign trade demonstrated strong resilience, with total import and export volume reaching 33,643.29 billion yuan, a year-on-year increase of 0.1% [6] - Imports amounted to 13,261.25 billion yuan, growing by 8.4%, while high-tech product exports increased by 9.7%, indicating an optimized foreign trade structure [6] - The financial system remained stable, with total deposits in financial institutions reaching 143,649.54 billion yuan, a year-on-year growth of 5.6%, and total loans amounting to 99,404.44 billion yuan, growing by 5.0% [6] - By industry, the primary sector's added value was 17.45 billion yuan, growing by 0.0%; the secondary sector's added value was 9,946.06 billion yuan, growing by 3.5%; and the tertiary sector's added value was 17,932.93 billion yuan, growing by 6.6%, with the service industry being the main driver of economic growth [6]

Core Insights - The overall retail sales of consumer goods in September 2025 reached 41,971 billion yuan, with a year-on-year growth of 3.0%, indicating a slowdown since May of this year [1] - The retail sales of consumer goods excluding automobiles amounted to 37,260 billion yuan, growing by 3.2% [1] - For the first nine months of 2025, the total retail sales of consumer goods reached 365,877 billion yuan, with a growth rate of 4.5% [1] Consumer Goods Performance - The retail sales of cosmetics in September were 36.8 billion yuan, showing a year-on-year increase of 8.6%, and a month-on-month increase of 5.44% compared to August [3][6] - The total retail sales of cosmetics for the first nine months were 328.8 billion yuan, reflecting a year-on-year growth of 3.9%, which is an improvement compared to a decline of 1% in the same period last year [3][8] - The growth in cosmetics retail sales in September 2025 is the highest in the past five years, indicating a recovery in the cosmetics market [6] Retail Sector Breakdown - In the first nine months, retail sales from urban areas were 357,830 billion yuan, growing by 4.4%, while rural areas saw sales of 61,880 billion yuan, with a growth of 4.6% [4] - The online retail sales for the first nine months reached 112,830 billion yuan, with a year-on-year growth of 9.8%, and the physical goods online retail sales accounted for 25% of total retail sales [14] - The retail sales of food, clothing, and daily necessities showed varied growth rates, with food items growing by 10.4% and clothing by 3.1% [4] Market Dynamics - Despite the overall recovery in consumer data, international beauty giants like Estée Lauder and Shiseido faced challenges in the Asia-Pacific market [9] - The upcoming Double Eleven shopping festival is expected to inject new momentum into the market, with platforms like Douyin and JD.com already initiating pre-sale activities [9] - The first hour of Tmall's Double Eleven pre-sale saw a significant increase in users paying deposits through live streaming, indicating strong consumer interest [9]

Group 1 - The consumer sector showed strong performance on September 17, with the Consumer Leader ETF (516130) rising by 0.48% [1][3] - Key stocks in the mechanical, automotive, and agricultural sectors saw significant gains, with companies like Shuanghuan Transmission and Kobot achieving daily limits, and others like Ecovacs and Guibao Pet rising over 5% [1][3] - The Ministry of Commerce and other departments announced new policies to boost service consumption, including 19 measures aimed at enhancing consumer experiences and increasing service supply [1][4] Group 2 - Analysts suggest that ongoing policy measures may further unleash consumer potential, leading to increased investment demand in related industries [3] - The Consumer Leader ETF's underlying index has a price-to-earnings ratio of 18.59, indicating a favorable long-term investment opportunity [3] - The upcoming Mid-Autumn Festival and National Day are expected to boost consumption, with local governments initiating consumption voucher programs to stimulate spending [4] Group 3 - The Consumer Leader ETF tracks a strategy index that selects leading companies from various consumer sub-sectors, focusing on high-quality firms like Kweichow Moutai and Gree Electric [4] - The ETF's top ten holdings account for approximately 70% of its total weight, highlighting its focus on large-cap stocks while also considering emerging consumer leaders [4]