Property funding in China fell 10.four% y/y within the first eleven months of 2024

The headline financial exercise knowledge for November is right here:

• China November: Retail gross sales +three.Zero% y/y (exp +four.6%) Industrial output +5.four% y/y (exp +5.three%)

Extra now, give attention to the property sector, data by way of Reuters reporting:

Property funding in China
fell 10.four% within the first eleven months of 2024 from a yr
earlier

• the autumn was 10.three% within the January – October interval

Property gross sales by ground space in January-November fell 14.three%
from a yr earlier

• 15.eight% drop in January-October

New development begins measured by ground space declined
23.Zero% on yr,

• 22.6% drop in January-October

Funds raised by China’s property builders have been down 18.Zero%
from a yr earlier

• 19.2% fall in January-October

**

China’s property sector continues to be languishing:

• China Home Costs in November -5.7% y/y (prior -5.9%)

An encouraging level on this knowledge was that:

• new
  dwelling costs in 70 main cities
  fell -Zero.2% m/m
  • which is the smallest lower in 17 months

• used houses fell -Zero.35% m/m
  • smallest drop since Might 2023

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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