China: Nominal fixed investment growth eases in April
May 17, 2021
Nominal urban fixed asset investment rose 19.9% in year-to-date terms in April, which was a deterioration from March's 25.6% increase. The slowdown was largely due to decelerating tertiary and secondary sectors.
On a monthly basis, nominal urban fixed asset investment rose 1.5% in seasonally-adjusted terms in April, which was below March’s 2.1% expansion.
Fixed investment should continue to be robust this year, despite slowing in year-on-year terms from Q1 as the base effect grows less favorable, aided by the government’s push to strengthen the domestic market and develop high-end manufacturing under its Dual Circulation strategy.