China Investment March 2016

China

China: Growth in investment accelerates in March

April 15, 2016

In the first three months of the year, urban fixed-asset investment (FAI), excluding rural households, expanded 10.7%. The reading came in above the 10.2% increase registered in the January-February period and overshot the 10.4% rise the markets had expected.

The stronger pace of growth observed at the outset of the year reflected an acceleration in investment in the services sector, while investment in the primary and industry sectors decelerated. The closely-watched real estate development indicator accelerated in the first three months of the year to a one-year high, suggesting that stronger momentum in the property sector is helping to boost overall investment.

A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 0.86% in March, which was up from the 0.69% increase tallied in February.

FocusEconomics Consensus Forecast participants expect fixed-asset investment to grow 9.6% in 2016, which is unchanged from last month’s Consensus. In 2017, the panel sees fixed-asset investment growth broadly stable at 9.1%.


Author: Ricard Torné, Head of Economic Research

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China Investment MArch 2016

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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