转自：云南日报 春节假期云南消费市场全面升温 2月15日至17日 全省零售企业销售额 较去年同期增长14.5% 全省网络零售额 较去年同期增长49.6% 体育及娱乐用品类商品销售额 责任编辑：孙重远 累计发放各类消费券 超50万张 记者2月19日从省商务厅获悉，春节假期前3天，云南消费市场呈现全面升温的良好态势。省商务厅重点 样本企业监测数据显示，2月15日至17日，全省零售企业销售额较去年同期增长14.5%。 全省商务系统与相关行业协会、金融机构、重点商圈、电商平台、商文旅体企业等协同联动，以"我在 云南过大年·乐购新春"为主题，通过有奖发票、以旧换新、发放彩云消费券等惠民政策，精心打造各具 特色的消费新场景，开展"乐购新春·云南礼物"鲜花、蓝莓年货节等重点促消费活动，多维发力有效激 发市民和游客消费热情。 重点商品消费热。2月11日，"我在云南过大年"乐购新春活动暨昆明市有奖发票试点启动，消费者在住 宿、餐饮、商超百货、旅游景区等领域消费满100元并上传发票，即有机会抽取最高800元奖金。各级商 务部门聚焦汽车、家电、数码智能产品，通过"金融支持+企业让利+下乡展销"模式，持续释放焕新活 力。截至2月17 ...

云南网讯（记者 韩成圆）记者2月19日从云南省商务厅获悉：春节假期前三天，云南消费市场呈现全面 升温的良好态势。省商务厅重点样本企业监测数据显示，2月15日至17日，全省零售企业销售额较去年 同期增长14.5%。 重点商品消费热。2月11日，"我在云南过大年"乐购新春活动暨昆明市有奖发票试点启动，消费者在住 宿、餐饮、商超百货、旅游景区等领域消费满100元并上传发票，即有机会抽取最高800元奖金。同时， 各级商务部门聚焦汽车、家电、数码智能产品，通过"金融支持+企业让利+下乡展销"模式，持续释放 焕新活力。截至2月17日，全省汽车、家电、数码智能产品以旧换新补贴累计申请89.7万单，直接带动 消费54.7亿元。省商务厅重点样本企业监测数据显示，春节假期前三天，全省家用电器及音像器材类、 家具类、通讯器材类、汽车类商品销售额较去年同期分别增长25.6%、17.3%、17.3%、12.1%。 特色云品销售旺。省商务厅围绕零售、餐饮、住宿、汽车、电商等重点领域，联动各州（市）、金融 机构、电商平台和重点企业，从春节假期首日起多渠道投放首批惠民消费券，覆盖线上线下消费场景， 发券规模超亿元。美物消费券、美宿消费券、美 ...

央视网消息：2026年春节假期，全国年货市场持续火热。从新鲜果蔬到特色礼品，一辆辆穿梭于城乡之间的货车将浓浓的"年 味"快速送达千家万户。 繁忙的公路货运折射出春节消费市场的强劲活力。国内某货运服务平台数据显示，春节假期前4天，各类年货和生活物资的运输需 求显著增长。其中，小商品类订单量同比增长50.9%，增幅最大。生鲜蔬果类紧随其后，订单量上涨31.8%，鞋服布料类订单增长 24.4%，粮油食品类订单也上涨了7.4%。 在广西南宁市的一家大型水果批发市场内一派繁忙景象，货运司机们正熟练地装卸货物。 为了保障春节物流畅通，关爱坚守岗位的货运司机，交通运输部门也在全国各地的高速公路服务区和物流园区推出了暖心举措。 在全国超过2000个"司机之家"，司机们可以享受到停车休息、饭菜加热、热水供应、淋浴洗衣等免费的基本服务。此外，部分站 点还提供了优惠餐饮、便捷的车辆维修以及应急救援服务。 ...

Group 1 - The province implemented a series of policies to boost consumption, including the issuance of 1 billion yuan in consumption vouchers, leading to a stable growth in social retail sales, which reached 12,786.21 billion yuan, a year-on-year increase of 2.4% [1] - Urban and rural markets expanded, with rural consumption growing faster than urban, achieving retail sales of 2,209.48 billion yuan in rural areas, a 3.1% increase, compared to 2.2% in urban areas [1] - Upgraded consumption categories saw significant growth, with retail sales of goods reaching 10,909.34 billion yuan, a 2.1% increase, and specific categories like mobile phones and home appliances experiencing double-digit growth [1] Group 2 - The province's catering revenue reached 1,876.87 billion yuan, growing by 4.2%, while retail sales in food, tobacco, and daily necessities also saw positive growth [2] - New retail formats, such as discount stores and unmanned shops, showed rapid growth, with sales increasing by 13.6% and 13.7% respectively [2] - Online sales continued to thrive, with retail sales through public networks growing by 30.9%, indicating a strong consumer demand and a significant increase in e-commerce activity [2]

18 IEI 成 全省限额以上单位粮油食品类商品零售额 同比增长19.3% 其中粮油类21.8% 肉禽蛋类6. 9% 水产品类21.7% 蔬菜类13.3% 干鲜果品类23.6% 日用品类商品零售额增长２６．５％ （来源：河北新闻网） 转自：河北新闻网 15483.2亿元 同比增长5.6% 增速快于全国1.9个百分点 増速居全国第2位 全省限额以上单位实现消费品零售额 5369.0亿元 同比增长6.9% 按消费类型分 商品零售5172.9亿元 同比增长7.2% 餐饮收入196.0亿元 增长0.7% 潭时新闻 更懂你 更有光 鄭町 翼时新闻 重症你 更有光 動。 ll 直 日 A areast in 成 全省消费品以旧换新共 申请补贴资金172.38亿元 累计带动销售额1280.33亿元 限额以上单位家用电器和音像器材类 零售额增长12.6% 家具类 零售额增长36.3% 通讯器材类商品 零售额增长41.1% 数字化智能化商品需求加速释放 全省限额以上单位新能源汽车类 零售额同比增长7.8% 智能手机商品 零售额同比增长55.2% 能效等级为1级和2级的商品 零售额同比增长91.6% 智能家用电器和音像器材类商品 ...

2026年1月30日，中山市统计局公布中山市2025年经济运行简况，中山市经济运行总体平稳。 社会消费品零售总额 同比增长3.4% 固定资产投资承压运行。2025年中山市固定资产投资同比下降22.6%。工业投资同比下降14.6%，占固 定资产投资的比重升至49.4%，其中工业技术改造投资下降15.3%，占比升至19.4%；先进制造业投资下 降27.0%；高技术制造业投资下降22.6%。基础设施投资同比下降26.0%。房地产开发投资同比下降 30.5%。 消费市场保持增长。2025年中山市社会消费品零售总额同比增长3.4%。限额以上单位主要零售商品类 别中，家用电器和音像器材类，通讯器材类，粮油、食品类增长较快，零售额增速分别为78.2%、 61.1%、16.0%。网络零售持续活跃，限额以上单位通过公共网络实现商品零售同比增长56.8%。 根据广东省地区生产总值统一核算结果，2025年中山市地区生产总值4260.56亿元，按不变价格计算， 同比增长3.8%。其中，第一产业增加值98.18亿元，增长6.3%；第二产业增加值2189.06亿元，增长 3.9%；第三产业增加值1973.32亿元，增长3.6%。 规模以 ...

Core Insights - The Chinese consumer market is transitioning from total expansion to structural differentiation, characterized by an "L-shaped bottoming" trend as of early 2026, with retail sales growth impacted by factors like the timing of the Spring Festival and a decline in promotional activities [1] - A "K-shaped" differentiation is emerging, where resilient "extreme value-for-money" essential consumption contrasts with high-premium emotional consumption, while traditional mid-range discretionary spending faces growth challenges [1][2] - The marginal propensity to consume (MPC) is recovering slowly, reflecting a rational return in middle-class consumption decisions, with consumers being more cautious about non-essential spending but willing to pay premiums for categories that satisfy "self-pleasure" and "social" needs [1] Consumer Trends - In December 2025, restaurant revenue grew by 2.2%, significantly outpacing the 0.7% growth in retail sales, with online food products seeing a remarkable growth of 14.5%, serving as a stabilizing force for overall consumption [2] - Emotional consumption sectors, such as sports entertainment (+9.0%), cultural office supplies (+9.2%), and cosmetics (+8.8%), are experiencing robust growth, contrasting sharply with the downturn in real estate-related sectors like home appliances (-18.7%) and construction decoration (-11.8%) [2] Valuation Insights - Core consumer sectors have fallen to historical low valuations, providing a significant safety margin for investors [3] - As of January 2026, the price-to-earnings (PE) ratio for food and beverage is at 7.5%, with liquor even lower at 4.1%, indicating that pessimistic expectations are already priced in, highlighting the long-term value of core assets [4] Investment Strategy - The report suggests a "barbell" investment strategy, recommending defensive positions in essential consumption and social service leaders with low valuations and strong cash flows, such as grain and oil, traditional Chinese medicine, and gold jewelry, while also emphasizing their dividend value and defensive attributes [5] - On the offensive side, investors should capture growth sectors benefiting from policy catalysts and fundamental improvements, including the duty-free sector and emotional consumption categories like cosmetics, sports goods, and trendy toys [5] Policy Impact - The first month of the Hainan Free Trade Port's duty-free sales reached 4.86 billion yuan, a year-on-year increase of 46.8%, demonstrating the strong appeal of "zero tariffs and low tax rates" for high-end consumption [6] - China Duty Free Group holds a dominant market share of 78.7% and continues to strengthen its channel and brand barriers through acquisitions and expanding its presence in city stores [7] Emerging Markets - The pet economy is experiencing a "humanization" upgrade, and the "going out" trend in categories like home appliances is also contributing to significant incremental alpha sources [9] - The shift in pet ownership towards viewing pets as family members is driving both volume and price increases, while the home appliance sector leverages China's supply chain advantages to replicate successful "extreme value-for-money" strategies overseas [10] Market Dynamics - Overall, while the total consumption recovery is not steep, the market opportunities are shifting from a "beta market" to "structural alpha" under low valuations and clear structures [11] - Investors are encouraged to abandon linear thinking of a "full recovery" and focus on "dividend assets" and "emotional consumption" as dual main lines, employing a "barbell" strategy to seize certain opportunities amid uncertainty [12]

Core Viewpoint - In 2025, Shaanxi's total retail sales of consumer goods reached 1,158.799 billion yuan, growing by 6.0% year-on-year, surpassing the national average growth rate by 2.3% [1] Consumer Market Performance - Retail sales from enterprises above designated size increased by 7.3% year-on-year [1] - The retail sales of goods amounted to 1,031.583 billion yuan, with a growth rate of 6.2%, while catering revenue reached 127.216 billion yuan, growing by 3.7% [1] - Urban retail sales were 1,027.654 billion yuan, growing by 6.0%, and rural retail sales were 131.145 billion yuan, with a year-on-year increase of 5.5% [1] Product Category Insights - Over 60% of product categories saw retail sales growth in 2025 [2] - Automotive retail sales grew by 5.8%, with new energy vehicles seeing a significant increase of 30.6%, accounting for 53.7% of automotive sales [2] - Home appliances and audio-visual equipment retail sales surged by 27.1%, while gold and jewelry sales increased by 19.2% [2] - Basic living goods showed stable growth, with food retail sales increasing by 12.4% [2] Online Sales Growth - Retail sales through public networks for enterprises above designated size grew by 22.9%, with online sales accounting for 23.0% of total retail sales [2] Private Sector Performance - Retail sales from private enterprises above designated size increased by 9.6%, contributing 5.6 percentage points to the overall retail sales growth [3] - The share of private enterprise retail sales in total retail sales for enterprises above designated size rose to 58.4% [3]

Core Insights - Beijing's total market consumption is projected to grow by 1.6% year-on-year in 2025, with service consumption showing strong performance, increasing by 5% [1][3] - The city is focusing on innovation in business formats, expanding consumption scenarios, and upgrading quality to strengthen its foundation as an international consumption center [1][3] Service Consumption as a Core Engine - Service consumption is becoming the dominant force in Beijing's market, with a 5% year-on-year increase in service consumption [3] - The integration of online and offline channels is accelerating, with 51.9% of businesses in wholesale, retail, accommodation, and catering sectors having an online presence, up by 2.4 percentage points [3] - Online retail sales reached 581.53 billion yuan, accounting for 42.5% of total social retail sales, an increase of 1.4 percentage points [3] - Retail sales of certain upgraded and essential goods are performing well, with jewelry, cosmetics, and grain and oil products increasing by 39.5%, 12.6%, and 5.7% respectively [3] Structural Adjustments in Consumption Market - The total retail sales of social consumer goods in Beijing decreased by 2.9% year-on-year, but the decline has narrowed by 2.2 percentage points compared to the previous three quarters [3][4] - The consumption market is undergoing structural adjustments influenced by changes in business models, consumer demand, and lifestyle transformations [4] Diverse Business Formats and Night Economy - The number of new flagship stores in Beijing exceeded 1,000 for the first time, reaching 1,068, a year-on-year increase of 11.3% [5] - The night economy has expanded significantly, with the number of consumption points increasing from 22 in 2019 to 139 in 2025 [6] - Nighttime consumer activities are thriving, with a 23.3% year-on-year increase in foot traffic during the National Day holiday [6] Quality and Fashion Leading Consumption - The cultivation of Beijing as an international consumption center is enhancing the leading role of service consumption, providing a "Beijing model" for the national market [8] - The focus on quality, style, and brand development is becoming increasingly important in the competitive market landscape [8] - Fashion consumption is expected to emerge as a significant growth point during the 14th Five-Year Plan period, driven by innovation and cultural significance [9]

Group 1 - The core viewpoint of the articles highlights the significant growth and transformation of Beijing's consumer market, particularly emphasizing the role of service consumption as a key driver of economic activity [1][2][10] - In 2025, Beijing's total market consumption is projected to grow by 1.6% year-on-year, with service consumption increasing by 5%, indicating a shift towards a more service-oriented economy [1][4] - The integration of online and offline retail channels is accelerating, with the penetration rate of enterprises in wholesale and retail, accommodation, and catering sectors reaching 51.9%, up by 2.4 percentage points year-on-year [2][4] Group 2 - The retail sales of social consumer goods in Beijing are expected to decline by 2.9% year-on-year, although the decline is narrowing compared to previous quarters, reflecting a structural adjustment in the consumption market [4] - Certain categories, such as gold and jewelry, cosmetics, and staple food, have shown positive growth, with retail sales increasing by 39.5%, 12.6%, and 5.7% respectively [4] - The penetration rate of new energy vehicles is rising, with retail sales of these products increasing by 13.2% year-on-year, driven by policies promoting consumption and the popularity of new models [4] Group 3 - The emergence of new retail formats and the "first store economy" is becoming a key indicator of urban commercial attractiveness, with over 1,068 new first stores opened in 2025, marking an 11.3% increase [5][8] - The night economy is expanding, with the number of night economy consumption points increasing from 22 in 2019 to 139 in 2025, indicating a growing demand for nighttime activities [8] - The integration of traditional cultural elements with modern consumption trends is evident, as seen in the rise of local brands and international brands adapting to local culture [8][12] Group 4 - The focus on quality and fashion in consumption is becoming more pronounced, with the development of a diverse range of consumer experiences that cater to high-quality and multi-faceted lifestyles [10][12] - The concept of "fashion consumption" is evolving, with expectations that it will become a significant growth point in the market, driven by innovation and cultural resonance [12][13] - The importance of fashion consumption as a commercial and social value is highlighted, indicating its potential to drive consumer trends and create substantial market value [13]