China Investment August 2020


China: Decline in nominal fixed investment softens in January-August

September 15, 2020

Nominal urban fixed asset investment declined 0.3% terms in January-August, which was a less pronounced drop than the 1.6% decrease in the first seven months of the year. The figure marked the best result since December 2019 and matched what market analysts had expected

The reading reflected a broad-based upturn, with activity in the tertiary sector, secondary sector and primary sector sub-sectors all improving in August.

On a monthly basis, nominal urban fixed asset investment increased 4.2% in seasonally-adjusted terms in August, which was below July’s 4.4% expansion and marked the worst result since February.

FocusEconomics Consensus Forecast participants expect nominal fixed-asset investment to grow 2.7% in 2020, which is unchanged from last month’s Consensus. In 2021, the panel sees nominal fixed-asset investment growth at 6.0%. .

Author: Ricard Torné, Head of Data Analysis

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China Investment August 20 20 2

Note: Month-on-month changes of seasonally adjusted urban fixed-asset investment index and annual growth rate (year-to-date) in %.
Source: National Bureau of Statistics of China (NBS).

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