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