China: Investment continues to slow in September
October 19, 2015
In the first nine months of the year, urban fixed-asset investment (FAI) excluding rural households expanded 10.3% over the same period last year, which was below the 10.9% increase tallied in the January–August period. The print represented the softest increase since 2000 and undershot the 10.8% expansion that market analysts had expected. The reading reflected weaker dynamics in all the main categories, particularly in the secondary and the tertiary sectors. In addition, the closely-watched real estate development indicator slowed again in the January–September period, falling 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 0.68% in September, which was broadly unchanged from the 0.72% increase tallied in August.