China: Investment growth inches up in June
July 16, 2014
In the January–June period, urban fixed-asset investment excluding rural households (FAI) rose 17.3% over the same period last year, which was a notch above the 17.2% increase recorded in the first five months of the year. The previous month’s reading had represented the weakest expansion in investment since December 2001. The slight acceleration observed in June, which overshot the 17.2% increase that the market had expected, resulted from faster growth in both the primary and the secondary sectors, while investment in the tertiary sector did not change compared to May.
A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 1.45% in June, which was above the 1.37% increase tallied in May.