China: Downward trend in investment remains intact in August
September 13, 2015
In the first eight months of the year, urban fixed-asset investment (FAI), excluding rural households, expanded 10.9% over the same period last year, which was below the 11.2% increase tallied in the January-July period. The print represented the softest increase since 2000 and undershot the 11.2% expansion that market analysts had expected. The reading mainly reflected weaker dynamics in the secondary and the tertiary sectors, while activity in the primary sector picked up slightly to a five-month high. In addition, the closely-watched real estate development indicator slowed again in the January-August period, dropping to the lowest annual growth since the trough of the financial crisis in 2009.
A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 0.73% in August, which was broadly unchanged from the 0.75% increase tallied in July.