Core Viewpoint - Despite the impact of Trump's tariff policies, U.S. consumers continue to spend actively, with June retail sales showing a surprising rebound, alleviating concerns about consumer spending tightening [1][3]. Group 1: Retail Sales Performance - U.S. retail sales in June increased by 0.6% month-over-month, surpassing expectations of 0.1% and reversing a decline of 0.9% in the previous month [4]. - Excluding automobiles, retail sales rose by 0.5%, against an expected increase of 0.3% and a prior decrease of 0.2% [4]. - Retail sales excluding automobiles and gasoline also saw a 0.6% increase, exceeding the anticipated 0.3% [4]. Group 2: Consumer Spending Insights - In June, 10 out of 13 major retail categories experienced growth, with automotive sales rebounding after two months of decline, indicating strong consumer spending on key goods [3][6]. - The "control group" retail sales, which directly contribute to GDP calculations, also rose by 0.5% month-over-month, leading to a year-over-year growth of 4.0%, further confirming the resilience of consumer spending [6]. Group 3: Economic Context - The strong retail sales data contrasts with previous "soft data" surveys that reflected pessimistic sentiment, suggesting that actual consumer spending behavior is more positive and robust than perceived [7]. - Adjusting for inflation, the estimated "real" retail sales have shown year-over-year growth for nine consecutive months, indicating that U.S. consumers' purchasing power remains on an upward trend despite rising prices [11].

Group 1 - The core viewpoint of the article is the preliminary calculation results of China's GDP for the second quarter and the first half of 2025, indicating a steady growth trend in various sectors [1][2][3] - The total GDP for the second quarter of 2025 is reported at 34,177.8 billion yuan, with a year-on-year growth of 5.2% [2] - The GDP for the first half of 2025 stands at 66,053.6 billion yuan, reflecting a growth of 5.3% compared to the same period last year [2] Group 2 - The primary industry, which includes agriculture, forestry, animal husbandry, and fishery, recorded a GDP of 19,459 billion yuan in Q2 2025, growing by 3.8% year-on-year [2] - The secondary industry, encompassing manufacturing and construction, achieved a GDP of 127,147 billion yuan in Q2 2025, with a growth rate of 4.8% [2] - The tertiary industry, which includes services, reported a GDP of 195,172 billion yuan in Q2 2025, showing a growth of 5.7% [2] Group 3 - The manufacturing sector specifically saw a GDP of 87,771 billion yuan in Q2 2025, with a notable growth of 6.5% [2] - The construction industry, however, faced a decline with a GDP of 23,781 billion yuan, reflecting a decrease of 0.6% [2] - The information transmission, software, and IT services sector experienced significant growth, with a GDP of 18,750 billion yuan and a year-on-year increase of 11.8% [2] Group 4 - The financial industry reported a GDP of 25,737 billion yuan in Q2 2025, growing by 5.8% year-on-year [2] - The real estate sector maintained a GDP of 21,072 billion yuan, with a stagnant growth rate of 1.0% [2] - The wholesale and retail trade sector achieved a GDP of 35,129 billion yuan, reflecting a growth of 6.0% [2]

除港澳台外，我国内地31省份的一季度经济成绩单都已正式公布了！第一名依然是广东省，完成的地区生产总值为33525.51亿元，同比实际上涨4.1%；江苏 省以33088.6亿元的成绩单，排在第二的位置。 | | | 2025年第一季度,我国34省份的经济成绩单 由【南生】整理 | | | --- | --- | --- | --- | | 排名 | ્ત્રસ | GDP | 实际增速 | | 第1 | 广东 | 33525.51 | 4.1% | | 第2 | 江苏 | 33088.6 | 5.9% | | 業3 | 山东 | 23466 | 6.0% | | 違え | 浙江 | 22300 | 6.0% | | چي | 四川 | 15246.92 | 5.5% | | 第6 | 河南 | 14945.58 | 5.9% | | 第7 | 湖北 | 13543.49 | 6.3% | | 第8 | 福建 | 13232.38 | 5.7% | | ਵੇਰੇ | 분들 | | | | 第10 | 下湿 | 12735.06 | 5.1% | | 第11 | 湖南 | 12702.4 | 5.4% | | 第1 ...