China: Investment stabilizes in November
December 12, 2015
In the first 11 months of the year, urban fixed-asset investment (FAI), excluding rural households, expanded 10.2% over the same period last year, which matched the result tallied in the January–October period. The print topped market analysts’ expectations of a 10.1% increase. The reading reflected better dynamics in the primary and secondary sectors, while growth in the tertiary sector was nearly unchanged. Nevertheless, the closely-watched real estate development indicator slowed again in the January–November period, falling to the lowest annual growth rate 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 0.73% in November, which was broadly unchanged from the 0.72% increase tallied in October.