China: Nominal fixed investment growth surges in early 2022
Nominal urban fixed asset investment rose 12.2% in year-to-date terms in February (December: +4.9%). The figure marked the strongest reading since June 2021, and came on the back of much stronger growth in the secondary and tertiary sectors. However, the primary sector lost pace.
On a monthly basis, nominal urban fixed asset investment increased 0.7% in seasonally-adjusted terms in February, matching January’s 1.1% expansion.