China: Downward trend in investment remains intact in October
November 11, 2015
In the first 10 months of the year, urban fixed-asset investment (FAI), excluding rural households, expanded 10.2% over the same period last year, which was below the 10.3% increase tallied in the January–September period. The print represented the softest increase since 2000 and was in line with what market analysts had expected. The reading reflected weaker dynamics in the tertiary sector. On the other hand, growth stabilized in the secondary sector, while activity in the primary sector improved. In addition, the closely-watched real estate development indicator slowed again in the January–October period, falling to the lowest annual growth rate 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 0.72% in October, which was broadly unchanged from the 0.70% increase tallied in September.