China Investment September 2020

China

China: Nominal fixed investment returns to growth in January-September

October 19, 2020

Nominal urban fixed asset investment expanded 0.8% terms in January-September, which contrasted the 0.3% decrease in the first eight months of the year. The figure marked the best result since December 2019 and was slightly below the 0.9% increase that market analysts had expected

The reading reflected a broad-based upturn, with activity in the tertiary sector, secondary sector and primary sector sub-sectors all improving in September.

On a monthly basis, nominal urban fixed asset investment increased 3.4% in seasonally-adjusted terms in September, which was below August’s 3.8% expansion.

FocusEconomics Consensus Forecast participants expect nominal fixed-asset investment to grow 6.3% in 2021, which is unchanged from last month’s Consensus. In 2022, the panel sees nominal fixed-asset investment growth at 4.5%. .


Author: Ricard Torné, Head of Data Analysis

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China Investment September 20 20

Note: Month-on-month changes of seasonally adjusted urban fixed-asset investment index and annual growth rate (year-to-date) in %.
Source: National Bureau of Statistics of China (NBS).


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