more to come
China New Home Prices -0.41% m/m, fastest fall in 11 months
- prior –0.30%
- y/y -2.2% (prior -2.5%)
Used Home Prices -0.64% m/m
- prior –0.58%
- -3.2% y/y (prior -3.5%)
Home prices in 70 major cities in China fell m/m.
The property crisis in China has been ongoing for multiple years. Its continuing to weigh heavily on growth and consumer confidence.
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More data from China is due at the top of the hour:
This article was written by Eamonn Sheridan at investinglive.com.
