China Investment October 2018


China: Investment growth accelerates to four-month high in October

November 14, 2018

Urban fixed asset investment expanded 5.7% annually in the first 10 months of the year, up from the 5.4% increase in the first 9 months of the year. Moreover, the figure was above market expectations of 5.5% growth.

The uptick in fixed asset investment growth was primarily the result of healthy accelerations in the primary and secondary sectors. Furthermore, investment in the tertiary sector also accelerated, albeit modestly. Meanwhile, investment growth in the real estate sector decelerated to a four-month low in the January–October period.

In terms of ownership, investment growth in fixed assets of both private companies and state-owned enterprises accelerated.

On a month-on-month basis, investment in urban fixed assets rose a seasonally-adjusted 0.44% in October, which was largely unchanged from September’s 0.43% expansion.

China Fixed Investment Forecast

FocusEconomics Consensus Forecast participants expect fixed-asset investment to grow 6.1% in 2019, which is up 0.3 percentage points from last month’s Consensus. In 2020, the panel sees fixed-asset investment growth at 5.8%.


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China Investment Chart

China Investment October 2018

Note: Month-on-month changes of seasonally adjusted urban fixed-asset investment index and annual growth rate (year-to-date) in %.
Source: National Bureau of Statistics of China (NBS).

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