市场消费平稳增长，部分品类需求旺盛。社会消费品零售总额实现316.0亿元，同比增长2.9%。限额以 上消费品零售额增长3.4%，特别是服装鞋帽纺织品类、饮料类、家用电器和音像器材类商品零售额实 现两位数较快增长，反映出消费市场的潜力和结构升级。 财税金融运行稳健，支撑保障有力。 一般公共预算收入48.8亿元，增长7.9%；国内税收收入38.1亿元， 增长3.4%。金融机构本外币存、贷款余额分别增长8.3%和6.1%，为经济发展提供了稳定的金融环境。 总体来看，2025年1-11月，惠东经济在复杂形势下保持了基本盘的稳定，积极因素不断累积。接下来， 惠东县将继续强化宏观政策调控，着力扩大有效需求，激发经营主体活力，推动经济实现质的有效提升 和量的合理增长，确保高质量发展不断迈上新台阶。 采写/摄影 南都N视频记者 郭秋成 日前，惠东县人民政府网发布《2025年1-11月惠东经济运行简析》，该县扎实推进"百千万工程"，推动 宏观政策持续显效，全县经济保持稳中向好、承压前行的发展势头，高质量发展取得新进展，其中，规 上工业总产值增长14.8%。 分析认为，惠东县工业经济增长强劲，成为稳增长重要引擎。 2025年1- ...

（来源：市场星报） 在基本生活方面，1~11月份，我省限额以上基本生活类商品零售额增长7.7%。其中，粮油食品类商品 零售额增长10.9%，日用品类商品零售额增长10.4%。 据介绍，通讯器材家电增长较快。受前期消费品以旧换新政策持续影响，1~11月份，全省限额以上单 位通讯器材类零售额增长33.7%，家用电器和音像器材类零售额增长9.7%，而在服务消费上，居民消费 从商品为主转向商品和服务消费并重，1~11月份，全省限额以上餐饮收入增长4.2%，高于商品零售3.4 个百分点。 星报讯 记者从省统计局获悉，1~11月份，全省社会消费品零售总额21855.9亿元，同比增长3.8%。其 中，限额以上单位消费品零售额增长1.1%。 ...

商品消费走弱但品类分化、服务消费韧性较强、城镇消费明显放缓。 进入四季度，随着去年高基数效应显现和前期政策效果减弱，社会消费品零售总额当月同比进一步回 落，10~11月均值已经降至2%左右。此前笔者在《需充分重视中国消费出现的七大结构性分化》中梳理 了国内消费市场的一系列分化，四季度以来，有些分化还在延续，同时出现了一些新变化。 本篇文章中，笔者分析了近期消费数据的新特征新趋势，并结合中央经济工作会议部署提出了一些短期 政策建议，以期更好推动消费回暖、缓解结构分化。 商品消费持续走弱，但细分品类表现分化 四季度以来，由于去年同期基数较高以及政策效果减弱，商品零售额当月同比增速连续6个月走弱，11 月降至1%，创2023年8月以来的最低增速。 以旧换新相关商品零售明显放缓。限额以上单位商品零售中，11月家用电器和音像器材、汽车类零售同 比增速分别下降了19.4%和8.3%。作为最早纳入以旧换新补贴范围的两大品类，家电、汽车消费的透支 效应显现。房地产相关的家具（-3.8%）、建筑及装潢材料（-17.0%）类零售增速也显著回落。 同时，通讯器材、办公用品的较快增长存在不确定性。11月通讯器材、文化办公用品类零售同 ...

中新网成都12月23日电(单鹏)四川省委经济工作会议23日在成都召开。会议部署了四川明年经济工作六 个方面的重点任务。其中，扩大有效需求、拓展内需增长新空间被列为首要任务。 "内需是中国经济发展的根本动力，扩内需是当前稳就业、稳企业、稳市场、稳预期的必然要求。"西南 财经大学中国西部经济研究院教授朱雨可接受采访时谈道。 扩内需，关键要把促消费和扩投资有效统筹起来。其中，促消费是扩内需的重中之重。四川拥有广阔消 费市场和消费升级潜力，通过稳定传统消费、培育新型消费，大力发展数字消费、绿色消费、健康消费 等新增长点，能够让消费更好发挥对经济增长的基础性作用。 能源汽车展台人气旺。 记者 张浪 摄 在创新消费业态的同时，会议还指出要大力促进服务消费，扩大医疗健康、养老托育、居住服务等领域 服务供给，特别是要推动文旅深度融合发展。 当前，四川省消费市场提质扩容还有很大空间。会议指出，明年四川要进一步优化政策供给，深入实施 提振消费专项行动。 图为第二十八届成都国际汽车展览会期间，国产新 今年以来，以旧换新政策在四川消费市场持续显效发力。四川省统计局数据显示，今年前三季度，在以 旧换新政策加力扩围带动下，四川省限额以上 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：解放日报 12月16日，上海公布11月社会消费品零售总额数据。尽管当月同比增幅较上月有所回落，但累计同比增 长仍然保持向上趋势，1-11月实现社会消费品零售总额15212.93亿元，同比增长5.0%。 作为万亿消费之城的第一梯队，上海从2025年5月以来，单月累计社零同比增速保持正向增长，速度不 仅领先全国大盘，更超越同等体量城市；用更为积极的增长曲线，重新回答了"消费第一城"之问。 2024年，上海消费数据一度承受较大压力。2025年新年伊始，提振消费成为经济发展首要任务。对于上 海这样人口并不明显占优、消费基数已经极其庞大的城市来说，这并不是一个可以轻松解答的命题。从 承压到领跑，上海的底气，从何而来？ "买掉全国三分之一"，细分赛道走出冠军 上海人有多能买？对比上海与全国的社零数据，在过去的11个月里，上海人买走了全国23.2%的服装鞋 帽、10.9%的金银珠宝、14.9%的日用品……这其中，有一个商品品类占比最高，却可能出乎很多人意 料。它就是——化妆品。 数据显示，上海化妆品1-11月限额以上零售额达1306.09亿元， ...

Core Viewpoint - The report from China Galaxy Securities emphasizes the importance of the medium- to long-term consumption goals outlined in the "14th Five-Year Plan" and highlights the need for specific consumption policies to be implemented by 2026 [1] Group 1: Consumption Industry Outlook - The global consumption recovery is slow, with high tariffs pushing up prices and high interest rates suppressing credit demand, leading to weakened consumer confidence in Europe and the US [1] - The Central Economic Work Conference has proposed a focus on domestic demand, aiming to build a strong domestic market and implement actions to boost consumption, including plans to increase urban and rural residents' income [1] - The report expresses a more optimistic view on service consumption compared to goods consumption, noting recent policies that enhance the focus on service consumption and the removal of unreasonable restrictions in the consumption sector [1] Group 2: Domestic Demand and Retail Performance - In November, the retail sales growth rate was +1.3% year-on-year, with a month-on-month decline of 1.6 percentage points, marking a continuous decrease since May [2] - The reduction in national subsidies is reflected in the retail sales of household appliances and audio-visual equipment, which saw declines of -14.6% and -19.4% year-on-year in October and November, respectively [2] - Retail sales in the furniture category showed a year-on-year increase of +9.6% in October, while daily necessities experienced a growth of +7.4%, indicating a weakening trend [2] Group 3: Category-Specific Insights - The gold and jewelry category saw significant growth of +37.6% and +8.5% year-on-year in October and November, influenced by new tax policies affecting gold jewelry [3] - The clothing, footwear, and textile categories maintained stable growth rates of +6.3% and +3.5% year-on-year, supported by seasonal changes [3] - The cosmetics sector also showed improvement, with year-on-year growth rates of +9.6% and +6.1% in October and November, aided by promotional activities [3] Group 4: Global Consumer Sentiment - Consumer confidence in Europe and the US remains weak, with the US consumer confidence index at 53.3, close to historical lows, and the EU consumer confidence index at -13.6, indicating a relatively low level of optimism [4] - Overall retail performance in the US has been subdued, with a year-on-year increase of +3.9% in September, reflecting a decline from August [4] - Online sales during the holiday shopping week showed modest growth, with Black Friday and Cyber Monday experiencing increases of +9.3% and +7.1% year-on-year, respectively, amidst intense competition [4]

Core Viewpoint - The consumption industry needs to focus on the medium- and long-term goals outlined in the "14th Five-Year Plan," with short-term attention on specific policies related to consumption expected to be implemented by 2026 [1] Group 1: Consumption Trends - Global consumption recovery is slow, with high tariffs pushing up prices and high interest rates suppressing credit demand, leading to weak consumer confidence in Europe and the U.S. [2] - The central economic work conference emphasized the importance of domestic demand and the construction of a strong domestic market, implementing actions to boost consumption and plans to increase income for urban and rural residents [2] - The report is more optimistic about the improvement of service consumption compared to goods consumption, highlighting recent policies aimed at enhancing service consumption [2] Group 2: Domestic Demand and Retail Performance - In November, the retail sales growth rate was 1.3% year-on-year, with a month-on-month decline of 1.6 percentage points, marking a continuous decrease since May [3] - The decline in retail sales for household appliances and audio-visual equipment was significant, with year-on-year drops of 14.6% and 19.4% in October and November, respectively [3] - Retail sales in the furniture category showed mixed results, with a year-on-year increase of 9.6% in October but a decline of 3.8% in November [3] Group 3: Category-Specific Insights - Jewelry retail sales saw substantial growth of 37.6% and 8.5% in October and November, influenced by new tax policies on gold jewelry [4] - The clothing and textile categories experienced stable growth, with year-on-year increases of 6.3% and 3.5% in October and November, respectively [4] - The restaurant sector's retail sales grew by 3.8% and 3.2% year-on-year in October and November, indicating stability despite slow growth [4] Group 4: Global Consumer Sentiment - Consumer confidence in Europe and the U.S. remains weak, with the U.S. consumer confidence index at 53.3, close to historical lows [5] - Retail performance in the U.S. was lackluster, with a year-on-year increase of 3.9% in adjusted retail sales for September, showing a decline from August [5] - Online sales during the holiday shopping period showed modest growth, with a year-on-year increase of 7.7%, indicating a competitive environment for promotions [5]

12月16日，省统计局发布前11月陕西经济运行情况：前11月，全省生产供给平稳有序，内需潜力持 续释放，新质生产力稳步发展，经济运行呈总体平稳、稳中向好的发展态势。 消费市场较快增长。限额以上企业（单位）消费品零售额同比增长8.1%。其中，商品零售额同比 增长8.7%，餐饮收入零售额同比增长1.6%。消费品以旧换新政策持续显效，家用电器和音像器材类商 品同比增长35.4%，汽车类商品零售额同比增长7%，其中新能源汽车零售额同比增长34.8%。网上零售 保持高速增长，限上单位通过公共网络实现的零售额同比增长25.3%。 货物进出口加快增长。货物进出口总额4720.37亿元，同比增长13.7%。其中，出口3266.95亿元， 同比增长16.6%；进口1453.42亿元，同比增长7.8%。机电产品出口额同比增长17.6%，高新技术产品出 口额同比增长17%。（记者：苏怡） 工业生产稳定增长。规模以上工业增加值同比增长7.5%。从三大门类看，采矿业增加值同比增长 9.5%，制造业增加值同比增长5.4%，电力、热力、燃气及水的生产供应业增加值同比增长4.6%。从主 要行业看，煤炭开采和洗选业增加值同比增长10.8%，石 ...

Economic Growth and Stability - Despite increased volatility in economic data in the second half of the year, the annual economic growth target is expected to be met due to a strong first half, with GDP growth of 5.2%[1] - Industrial production growth remains stable, with a year-on-year increase of 4.8% in November, slightly down from 4.9% in October[12] - Exports have rebounded significantly, with a year-on-year growth of 5.9% in November, up from -1.1% in October, driven by external demand[12] Investment Trends - Fixed asset investment cumulative year-on-year growth decreased from -1.7% to -2.6%, with a monthly decline of 11.5% in November[15] - Manufacturing investment maintained positive growth at 1.9% year-on-year, although monthly growth was negative at -4.5%[16] - Real estate investment saw a cumulative year-on-year decline of 15.9%, with a monthly drop of 30% in November[27] Consumer Spending - Social retail sales growth fell to 1.3% year-on-year in November, a decrease of 1.6 percentage points from the previous month, marking six consecutive months of decline[31] - The retail sales total saw a month-on-month decline of 0.42%, indicating weakened consumer momentum[31] - Major consumer categories, including jewelry and home appliances, experienced significant drops in sales growth, with jewelry sales falling from 37.6% to 8.5% year-on-year[34]

Group 1 - The growth rate of total retail sales of consumer goods in China has slowed down, primarily due to a high base from the same period last year [2][4] - In November, the total retail sales reached 43,898 billion yuan, with a year-on-year growth of 1.3%, marking six consecutive months of decline [2][3] - The decline in consumer confidence and spending is influenced by expectations regarding income and employment, leading to cautious consumer behavior [2][3] Group 2 - Urban retail sales in November amounted to 37,684 billion yuan, growing by 1.0%, while rural retail sales reached 6,214 billion yuan, with a growth of 2.8% [3] - The retail sales of goods were 37,841 billion yuan, with a growth of 1.0%, while dining revenue grew by 3.2% [3] - The automotive market has seen a decline in sales for two consecutive months, with November retail sales of passenger vehicles dropping by 8.1% year-on-year [3][5] Group 3 - From January to November, the total retail sales of consumer goods reached 456,067 billion yuan, with a year-on-year growth of 4.0% [5] - Online retail sales during the same period were 144,582 billion yuan, growing by 9.1%, with physical goods online retail accounting for 25.9% of total retail sales [5] - The sales of household appliances and communication equipment have seen significant growth, driven by policies encouraging the replacement of old products [5][6] Group 4 - Consumer prices have shown signs of recovery, with a year-on-year increase of 0.7% in November, marking a continuous rise for three months [6] - The core Consumer Price Index (CPI), excluding food and energy, has stabilized with a year-on-year increase of 1.2% [6] - Industrial profits have also shown growth, with revenues for large-scale industrial enterprises increasing by 1.8% year-on-year from January to October [6]