The consumer market continues to recover and the supply-demand relationship continues to improve
CCTV News: Looking at the Economy through Data. The data released by the National Bureau of Statistics today shows that in August, the consumer market continued to recover, and the supply and demand relationship continued to improve. The national consumer price index decreased by 0.3% year-on-year to an increase of 0.1%, with a month on month increase of 0.3%.
In August, due to factors such as improved demand for some industrial products and rising international crude oil prices, the national industrial producer price index decreased by 3.0% year-on-year, a decrease of 1.4 percentage points compared to the previous month; The month on month decrease from 0.2% last month has turned to an increase of 0.2%.
What signals are released for data improvement? What are the expected trends of CPI and PPI in the future?
Experts say that CPI may steadily rebound, and the year-on-year decline in PPI will further narrow.
Zhang Xuewu, Director of the Analysis and Prediction Department of the Price Monitoring Center of the National Development and Reform Commission, stated that the month on month PPI in August turned positive for the first time since the beginning of this year. Looking ahead to the later stage, with the continuous improvement of the economy, the Mid Autumn Festival and National Day holiday driving steady recovery of consumer demand, infrastructure construction entering the peak season, and further release of enterprise production demand, it is expected that the CPI will steadily rebound in the later stage, and the year-on-year decline in PPI will also further narrow.
Some more specific data also confirms the sustained improvement of the economy.
Pork consumption: Pork prices rose in August and the upward trend in September significantly weakened, gradually balancing supply and demand
Pork prices are an important factor affecting prices. Since the beginning of this year, pork prices have been operating at a low level, but in August, pork prices experienced a significant increase. After entering September, the price of pork fluctuated slightly and gradually stabilized.
On the production side, after a continuous increase in pig prices in August, there has been a trend of gradual stabilization and slight decline in recent times, and farmers have also seized the opportunity to sell fattened pigs. Some breeders have stated that the current profit from selling one fat pig is around 150 yuan, and compared to the losses in the first seven months, breeders have generally achieved a turnaround from losses to profits. At the same time, farmers also improve their breeding efficiency and ensure breeding profits through precise feeding and other refined management.
The hot summer tourism market data indicates that the tourism industry has entered a new channel of recovery and upward momentum
According to data from the China Tourism Research Institute, the number of domestic tourists this summer in China reached 1.839 billion, accounting for 28.1% of the total number of domestic tourists in the year; Realize a domestic tourism revenue of 1.21 trillion yuan, accounting for approximately 28.7% of the annual domestic tourism revenue, with most destinations receiving the highest number of tourists in history. Experts say that with the arrival of the Mid Autumn Festival and National Day holiday, there are more optimistic expectations for the tourism economy throughout the year.
Housing consumption: residents' willingness to purchase houses is further enhanced, and housing consumption is expected to increase
The recent implementation of the "house recognition but not loan recognition" policy in various regions has achieved positive results. Pu Zhan, Deputy Director of the Policy Research Center of the Ministry of Housing and Urban Rural Development, pointed out that after the implementation of the "housing recognition but not loan recognition" policy, the market has responded positively. The survey shows that overall, the willingness to purchase a house can increase by approximately 15 percentage points nationwide, with first tier cities possibly experiencing a higher growth rate. Homebuyers with both rigid and improvement needs are actively entering the market. Research by some market institutions shows that the viewing volume and transaction volume have significantly increased.
Market performance: Investors actively enter the market, and the market shows a recovering upward trend
This week marks the first week of policy implementation to support investors on the Science and Technology Innovation Board to directly participate in trading on the Beijing Stock Exchange, and investors are actively opening accounts. From September 4th to 8th, more than 170000 new accounts were opened on the Beijing Stock Exchange, far higher than before the policy was introduced. At the same time, the trading activity of the Beijing Stock Exchange has significantly increased, and the market is showing a recovering upward trend. The Beijing Stock Exchange 50 Index has accumulated a 1.81% increase, with weekly transactions of 9.928 billion yuan and daily average transactions of 1.986 billion yuan, an increase of 45.83% compared to the previous period. The daily turnover rate is 1.42%, an increase of 0.39 percentage points compared to the previous period.
