China: Investment slows in 2012
January 18, 2013
In 2012, urban fixed-asset investment excluding rural households (FAI) rose 20.6%. The print was below both the 20.7% rise tallied in the eleven months up to November and the 24.0% expansion seen in 2011. That said, the reading was broadly in line with last month's FocusEconomics Consensus Forecast of 20.5%.
The slowdown in investment observed in 2012 mainly reflected slower growth in the industrial sector, as a weaker global economy trimmed demand for Chinese goods. The services category slowed somewhat, whereas the primary sector recorded a healthy improvement.
Compared to the previous month, investment in urban fixed assets increased a seasonally adjusted 1.53% in December, which was well above the 1.26% rise seen in November.