Consumption Continues to Rebound and Shows a Positive Trend,with Renewed Momentum Emerging and Growing——Analysis of consumption situation and policy suggestions from January to May 2024
Since the beginning of this year,the trend of consumption recovery has been further consolidated,and the growth trend of service consumption has continued to be good.The driving effect of holidays on consumption has been further strengthened,and the characteristics of consumption sinking and the"northward"consumption have become apparent.The consumption trends of key categories have differentiated.However,it should be noted that the core issue of expanding con-sumption at this stage is the need for further recovery of consumption capacity,the scar effect is still taking effect,the potential re-lease of service consumption faces some capacity gaps and limitations,the problem of"last mile"of trading in old for new con-sumer goods still exists,and various weak points in the consumer environment affect the release of consumption willingness.It is suggested to focus on the two major drivers of service consumption and trade in of consumer goods,and take multiple measures to reduce potential barriers to consumption and promote sustained improvement in consumption this year.
consumption situationconsumption abilityservice consumptiontrade in old for new
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