China March new house prices -0.3% m/m (prior also -0.3%)

China's property market continues to dribble along its lacklustre path.New house prices -0.3% m/mprior -0.3%For the y/y, -2.2%prior -1.4%These house price declines are a bit of a vicious circle, there more they fall the more people tend to hold off on purchases waiting for prices to fall further.Still to come is a data deluge including retail sales and industrial production for March:Economic calendar in Asia Tuesday, 16 April 2024 This article was written by Eamonn Sheridan at www.forexlive.com.

Apr 16, 2024 - 07:20
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China March new house prices -0.3% m/m (prior also -0.3%)

China's property market continues to dribble along its lacklustre path.

New house prices -0.3% m/m

  • prior -0.3%

For the y/y, -2.2%

  • prior -1.4%

These house price declines are a bit of a vicious circle, there more they fall the more people tend to hold off on purchases waiting for prices to fall further.

Still to come is a data deluge including retail sales and industrial production for March:

This article was written by Eamonn Sheridan at www.forexlive.com.
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