China: Investment growth accelerates to four-month high in OctoberStaff Writer | November 15, 2018
Urban fixed asset investment expanded 5.7% annually in the first 10 months of the year, up from the 5.4% increase in the first 9 months of the year. Moreover, the figure was above market expectations of 5.5% growth.
Asia Urban fixed asset investment expanded 5.7% annually
In terms of ownership, investment growth in fixed assets of both private companies and state-owned enterprises accelerated.
On a month-on-month basis, investment in urban fixed assets rose a seasonally-adjusted 0.44% in October, which was largely unchanged from September’s 0.43% expansion.
FocusEconomics Consensus Forecast participants expect fixed-asset investment to grow 6.1% in 2019, which is up 0.3 percentage points from last month’s Consensus. In 2020, the panel sees fixed-asset investment growth at 5.8%. ■