China: Investment growth stabilizes in June
July 15, 2015
In the first half of the year, urban fixed-asset investment excluding rural households (FAI) expanded 11.4% over the same period last year, which matched the result tallied in the January-May period. The print put an end to the decline in investment that started in July 2014 and overshot the 11.2% increase that market analysts had expected. The reading mainly reflected stronger dynamics in the tertiary sector, while activity in the primary sector was stable. Conversely, growth in the secondary sector slowed in the same period. In addition, the closely-watched real estate development indicator moderated again in the January-June period, reaching the lowest annual growth since the trough of the financial crisis in 2009.
A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 0.88% in June, which was broadly unchanged from the 0.84% increase tallied in May.