China: Investment accelerates in September
October 18, 2012
In the first nine months of the year, urban fixed-asset investment excluding rural households (FAI) rose 20.5% over the same period last year, which represents the strongest result since March. Moreover, the print overshot market expectations that had the index remaining at the 20.2% expansion tallied in the first eight months of the year. The acceleration in September likely reflects government intentions to bolster economic growth via investment. Investment in the January-September period mainly reflected an acceleration in services and the primary sector. On the other hand, the industrial sector continued to slow. Compared to the previous month, investment in urban fixed assets increased a seasonally adjusted 1.63% in September, which followed the 1.34% rise seen in August.