2025年前三季度消费市场运行情况分析 1、最终消费支出贡献率有所提升 2025年前三季度，最终消费支出对经济增长贡献率达53.5%，拉动GDP增长2.8个百分点，比上年全年提升9.0个百分点， 继续发挥经济增长主引擎作用。其中，三季度最终消费支出对经济增长贡献率为56.6%，拉动GDP增长2.7个百分点。 智通财经APP获悉，10月22日，中华全国商业信息中心发布2025年前三季度消费市场运行情况分析。2025年前三季度， 以旧换新等提振消费系列政策措施落地见效，市场活力增强，消费潜力释放，消费市场实现稳定增长，社会消费品零售 总额实现365877亿元，同比增长4.5%，增速比上年同期、上年全年分别加快1.2个、1.0个百分点。前三季度，实物商品网 上零售额91528亿元，同比增长6.5%，增速相较于上半年加快0.5个百分点，占社会消费品零售总额的比重为25.0%，占比 较上半年提高了0.1个百分点。 原文如下： 4、商品零售稳定增长 前三季度，商品零售额324888亿元，同比增长4.6%，增速较上年同期、上年全年分别加快1.6、1.4个百分点。其中，限额 以上单位商品零售额135667亿元，同比增长5.1 ...

Group 1: E-commerce Development in China - In the first half of the year, the contribution rate of online retail sales of physical goods to total social retail sales reached 29.6% [1] - Online dining accounted for a 1.9 percentage point increase in the share of dining revenue [1] - The national online retail sales increased by 8.5% from January to June [1] Group 2: Quality E-commerce and AI Integration - Quality e-commerce initiatives and policies have been effectively implemented, promoting quality products and supporting foreign trade to domestic sales [1] - Key monitored platforms saw significant growth in digital products (9.9%), home appliances (12.7%), and network service consumption (14.6%) [1] - The application of new technologies like artificial intelligence is enhancing the efficiency and innovation of product services across the consumption chain [1] Group 3: Industrial E-commerce Growth - Industrial e-commerce activities have been actively promoting transformation, with over 280 industry matchmaking events held, covering more than 2,200 enterprises [1] - The transaction volume of agricultural products, electronic products, and textile industry e-commerce grew by 17.2%, 7.3%, and 6.2% respectively from January to June [1] Group 4: Silk Road E-commerce Expansion - The number of Silk Road e-commerce partner countries has increased to 36, with new additions including Kenya, Bangladesh, and Egypt [2] - Initiatives like "Silk Road E-commerce Benefits the World" are being advanced to deepen business cooperation with partner countries [2]

Core Insights - The consumer market in May showed significant recovery, driven by effective consumption policies, early promotional events, and increased holiday periods, leading to a notable rise in consumer demand [1][4] Group 1: Market Sales Performance - In May, the total retail sales of consumer goods reached 41,326 billion yuan, marking a year-on-year growth of 6.4%, with an acceleration of 1.3 percentage points compared to April, representing the highest monthly growth rate in 2024 [1] - The retail sales in county and rural markets grew by 5.4% from January to May, outpacing urban retail sales growth by 0.6 percentage points, with the county and rural market accounting for 38.9% of total retail sales, an increase of 0.1 percentage points year-on-year [1] Group 2: Product Category Growth - In May, retail sales of goods increased by 6.5%, with nearly 90% of product categories in large retail units experiencing growth. Notable increases were seen in sports and entertainment goods (28.3%), staple food (14.6%), and tobacco and alcohol (11.2%) [1] - The "old-for-new" policy significantly boosted sales in categories such as home appliances (53%) and communication equipment (33%), with growth rates accelerating by 14.2 and 13.1 percentage points respectively compared to April [2] Group 3: Online and Offline Retail Dynamics - From January to May, online retail sales of physical goods grew by 6.3%, outpacing overall retail sales growth by 1.3 percentage points, with online sales accounting for 24.5% of total retail sales [3] - Physical retail stores showed stable improvement, with retail sales in large retail units growing by 4.5% from January to May, with warehouse membership stores exceeding 30% growth [3] Group 4: Service Retail Market Trends - Service retail sales increased by 5.2% from January to May, slightly outpacing goods retail growth, driven by enhanced service offerings and diverse consumption scenarios [4] - The tourism and dining sectors saw significant growth, with dining revenue increasing by 5.0% compared to the previous period, reflecting a strong recovery in consumer spending [4]

Core Insights - The online retail sales in China reached 47,419 billion yuan from January to April, showing a year-on-year growth of 7.7% [1] Group 1: Online Retail Performance - The physical goods online retail sales amounted to 39,265 billion yuan, with a growth rate of 5.8% [1] - The share of physical goods online retail sales accounted for 24.3% of the total retail sales of consumer goods [1] Group 2: Category Growth - The growth rates for different categories of physical goods online retail sales are as follows: food items increased by 14.6%, clothing items grew by 0.5%, and daily necessities rose by 5.5% [1]