China: Investment continues to gain momentum in October
November 9, 2012
In the first ten months of the year, urban fixed-asset investment excluding rural households (FAI) rose 20.7% over the same period last year, marking the strongest result since March. Moreover, the print was above the 20.5% increase tallied in the previous month and overshot market expectations that had the index rising to 20.6%. Investment in the January-October period mainly reflected an acceleration in the services category. On the other hand, the industrial and the primary sector continued to slow. Compared to the previous month, investment in urban fixed assets increased a seasonally adjusted 1.94% in October, which followed the 1.82% rise seen in September.