中信證券:四季度經濟表現將恢復向上
格隆匯10月19日丨中信證券研報指出,受到疫情、汛情、高溫天氣等極端的時點性事件衝擊,三季度GDP兩年平均增速爲4.9%,我們預計爲年內低點。從邊際上看,相比於8月份,在9月份的數據中可以觀察到,製造業投資在高技術產業的拉動下表現亮眼,隨着疫情的消退,消費亦有較爲明顯的反彈,居民的就業狀況也有改善的跡象,我們預計這些趨勢性因素或將延續,因此預計四季度經濟的經濟表現將環比向上。當前經濟形勢並非“滯脹”,建議在把握經濟運行的過程中,更多地關注結構性的分化,以及對應的投資機會。
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