SMM Steel Manufacturing Downstream Report: Cooling Housing Consumption

Published: Oct 18, 2023 16:02

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SMM Steel Manufacturing Downstream Report: Cooling Housing Consumption, Family Consumption Transferred to Automobiles and Home Appliances? With the further advancement of the concept of not speculating in housing and the adjustment of existing housing loan interest rates, residents' investment has become more rational, comprehensively promoting the recovery of consumption such as car purchases. According to data released by the China Association of Automobile Manufacturers, 2.036 million passenger vehicles were sold in September, an increase of 4.7% year-on-year and 4.9% month-on-month. Turning to home appliances, according to data from Ovi Cloud Network, the offline sales of the three major white goods in September 2023 all increased year-on-year.

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