China: Investment growth decelerates in April
May 14, 2016
In the first four months of the year, urban fixed-asset investment (FAI), excluding rural households, expanded 10.5%. The reading came in below the 10.7% increase registered in the January-March period and undershot the 11.0% rise the markets had expected.
The slower pace of growth observed in April reflected a deceleration in investment in the primary and services sectors, while the industry sector recorded a steady expansion in the same month. The closely-watched real estate development indicator accelerated in the first four months of the year to a 13-month high, suggesting that stronger momentum in the property sector is boosting overall investment.
A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 0.72% in April, which was down from the 0.84% increase tallied in March.