China: Investment growth moderates further in November
December 14, 2017
In the first eleven months of the year, urban fixed-asset investment excluding rural households expanded 7.2% annually, below the 7.3% rise in the January–October period and the lowest reading since 1999. The print matched the result expected by market analysts. It reflected slowdowns in the primary and secondary sectors, while the tertiary sector of the economy expanded at faster rate. Investment growth in the closely watched real estate development sector decelerated in November.
Analyzing January–November’s data from the ownership side, investment growth among state-owned and state-holding units accelerated slightly. Activity among private companies cooled in the same period.
A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 0.53% in November, slightly below the 0.51% increase in October.