Macro high frequency data tracking weekly report: the repair of optional consumption is slow, and there is no significant improvement in the housing market

Industrial production

Short term decline in upstream construction; Coal price differentiation and inventory increase; Steel prices stabilized and inventories rose seasonally; The inventory of crude oil and petroleum products decreased and the inventory of nonferrous metals differentiated; The output of construction machinery increased.

Real estate investment

Land supply is still low; The trend of land transaction has stabilized, and the price is still weak; Further weakening of real estate investment; The stabilization of housing transactions is weak; Low housing prices; Mortgage interest rates were stable.

Automobile entertainment consumption

The tires are gradually repaired after commencement; Automobile sales are less affected by statistics; Optional consumption fell.

Import and export trade

Freight index differentiation this week; Exports remain resilient and domestic demand is weak; The export of high and new technology increased rapidly, and the import of iron ore was dragged down.

Overseas economy

The epidemic situation in the United States affects children's psychology; US industrial restoration continues; Non farm data exceeded expectations.

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