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.