Technical Analysis

Data from China today indicated that property investment fell its most in more than 20 yrs


As part of this data here:

Adding in now on the property sector:

  • property investment January-November fell 9.8% y/y, prior (January – October) was -8.8%

This is the fastest drop in more than 20 years.

More:

  • Property sales by floor area dropped 23.3% in January-November y/y (prior -22.3%)
  • New construction starts measured by floor area -38.9% y/y Jan-Nov (prior -37.8%)

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