建筑与工程10月固投:边际下行的压力进一步加大

中金公司
Nov 18, 2025

行业近况国家统计局披露1-10 月城镇固定资产投资数据。评论投资:10 月固定资产投资(不含农户)同比-12.2%,增速环比-5.1%。基建:10 月同比-12.1%,增速环比-4.1ppt。分项看,10 月水电燃热投资同比-6.3%,增速环比-3.9ppt;交通投资同比-10.1%,增速环比-5.5ppt;水利及市政投资同比-19.0%,增速环比-4.4ppt,其中,公共设施管理同比-18.7%...

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