Weekend data: China's March new home prices rose at their fastest pace in 21 months
New home prices in March + 0.5% m/m
- February was +0.3%
- third consecutive monthly rise
For the y/y, -0.8%
- prior -1.2%
- 11th month of y/y falls
China's National Bureau of Statistics (NBS) surveyed 70 cities:
- 64 cities registered higher new home prices in monthly terms, the most since May 2019
- was 55 in February
-
The data adds to the case for recovery, perhaps tentative at this stage, in the property sector.
Coming up from China today is this month's Medium-term Lending Facility (MLF) rollover/injection/rate setting:
This article was written by Eamonn Sheridan at www.forexlive.com.from Forexlive RSS Breaking News Feed https://ift.tt/rCNFhlt
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
