China Investment April 2016

China

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.

FocusEconomics Consensus Forecast participants expect fixed-asset investment to grow 10.4% in 2016, which is unchanged from last month’s Consensus. In 2017, the panel sees fixed-asset investment growth at 9.4%.


Author: Ricard Torné, Head of Economic Research

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China Investment April 2016

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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