China: Investment activity slows further in July
August 12, 2015
In the first seven months of the year, urban fixed-asset investment (FAI), excluding rural households, expanded 11.2% over the same period last year, which was below the 11.4% increase tallied in the January-June period. The print represented the softest increase since 2000 and undershot the 11.5% increase 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. In addition, the closely-watched real estate development indicator moderated again in the January-July 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 0.75% in July, which was down from the 0.88% increase tallied in June.