China: Investment accelerates in January-February
March 9, 2013
In the first two months of the year, urban fixed-asset investment excluding rural households (FAI) rose 21.2% over the same period last year. The print overshot both the 20.6% increase seen in the full year 2012 and market expectations that had investment rising 20.7%. In addition, the reading marks the strongest expansion seen in one year.
Investment in the January-February period mainly reflected how accelerations in the primary and services categories more than offset lower growth in the industrial sector.
Compared to the previous month, investment in urban fixed assets increased in February a seasonally adjusted 0.65%, which was well below the 1.63% rise seen in January.
FocusEconomics Consensus Forecast participants expect fixed-asset investment to rise 21.1% in 2013, which is up 0.1 percentage points from last month's Consensus. In 2014, the panel sees fixed-asset investment growing 20.1%.