关于服务业最新情况，付凌晖用"增势平稳"来概括，10月份服务业生产指数同比增长4.6%，增速比上月 有所回落，主要是因为上年同期基数抬升的影响。从两年平均以及累计增速来看，服务业增长保持基本 平稳。国庆和中秋假期叠加带动相关服务业增长加快，10月份住宿和餐饮业生产指数同比增长3.9%， 比上月加快2.6个百分点。 11月14日，国家统计局新闻发言人、总经济师、国民经济综合统计司司长付凌晖在国新办介绍10月经济 运行情况时介绍，居民消费价格由降转涨，10月份居民消费价格同比上涨0.2%，上个月下降0.3%。其 中扣除食品和能源的核心CPI同比上涨1.2%，涨幅比上月扩大0.2个百分点，连续六个月涨幅扩大。 他在物价方面还提到，工业生产者出厂价格降幅连续收窄，10月份PPI同比下降2.1%，降幅比上月收窄 0.2个百分点，连续三个月收窄。规范市场竞争秩序效果显现，10月份锂离子电池制造、光伏设备及元 器件制造等行业价格环比分别上涨0.2%和0.6%。 提振消费专项行动加持背景下，市场经济有何成效？他透露，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 ...

Economic Overview - In October, the Consumer Price Index (CPI) turned from a decline to an increase, rising by 0.2% year-on-year, compared to a decrease of 0.3% in the previous month. The core CPI, excluding food and energy, increased by 1.2%, with the growth rate expanding by 0.2 percentage points from the previous month, marking six consecutive months of growth acceleration [1][3]. Producer Price Index (PPI) Trends - The Producer Price Index (PPI) saw a year-on-year decline of 2.1% in October, with the rate of decline narrowing by 0.2 percentage points from the previous month, continuing a trend of three months of narrowing declines. Prices in industries such as lithium-ion battery manufacturing and photovoltaic equipment manufacturing increased by 0.2% and 0.6% month-on-month, respectively [3]. Service Sector Performance - The service sector's production index grew by 4.6% year-on-year in October, although the growth rate slowed compared to the previous month due to a higher base from the same period last year. The growth in the service sector remains stable when viewed over two-year averages and cumulative growth. The combined impact of the National Day and Mid-Autumn Festival holidays accelerated growth in related services, with the accommodation and catering industry production index increasing by 3.9%, up 2.6 percentage points from the previous month [3]. Retail Sales Insights - The retail sales of consumer goods showed a year-on-year increase of 2.9% in October, supported by the holiday economy. Sales of goods related to the "old for new" consumption initiative maintained rapid growth. In October, retail sales of communication equipment and cultural office supplies increased by 23.2% and 13.5%, respectively. From January to October, service retail sales grew by 5.3%, outpacing the growth rate of goods retail sales [4].

Economic Growth and Stability - China's economy shows stable growth with industrial and service sectors maintaining rapid expansion, while market sales and import-export scales continue to grow [1] - Key production demand indicators' growth rates remain consistent with the previous months, indicating a stable economic trend [1] Industrial Production and Investment - In August, industrial production increased significantly, with industrial added value growing by 5.2% year-on-year, particularly in equipment manufacturing and high-tech manufacturing, which grew by 8.1% and 9.3% respectively [2] - Fixed asset investment from January to August increased by 0.5%, with a notable decline in private investment by 2.3% [2] - Infrastructure investment rose by 2.0%, while manufacturing investment grew by 5.1%, and real estate development investment saw a decline of 12.9% [2] Private Investment Trends - Among 31 manufacturing sectors, 16 experienced double-digit growth in private investment, with the automotive manufacturing sector seeing a 22.6% increase [3] - The growth in private investment is driven by the push towards high-quality development in green industries such as new energy vehicles and artificial intelligence [3] Consumer Market Dynamics - Consumer spending is supported by ongoing initiatives, with retail sales of consumer goods increasing by 4.6% year-on-year from January to August, and a 3.4% increase in August alone [4] - The "old-for-new" policy has positively impacted sales in furniture, home appliances, and communication devices, with respective year-on-year growth rates of 18.6%, 14.3%, and 7.3% in August [4] - Service sector retail sales grew by 5.1% year-on-year, indicating a shift in economic growth dynamics towards service consumption [4][5] Real Estate Market Recovery - The real estate market shows signs of recovery, with new housing sales declining by 4.7% from January to August, a reduction in the decline compared to the previous year [6] - New home prices in major cities are stabilizing, with a narrowing decline in prices across first, second, and third-tier cities [6] - The inventory of unsold properties has decreased for six consecutive months, indicating effective inventory reduction measures [6] Macroeconomic Policy Outlook - The overall economic operation remains stable, with expectations for enhanced macroeconomic policies to support growth, particularly in the fourth quarter [7] - Potential measures include increased fiscal spending, interest rate cuts, and stronger efforts to stabilize the real estate market [7]