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China data - May new house prices +0.1% m/m (prior +0.4%)

China data - May new house prices  +0.1% m/m (prior +0.4%)
China's new home prices rose for the fifth straight month in May. Data via Reuters calculations based on National Bureau of Statistics (NBS) data. At +0.1% m/m they slowed the pace from the previous month's +0.4%For the y/y, +0.1%. This is the first y/y rise since April of 2022. prior -0.2% in AprilNot out of the woods yet though:Goldman Sachs warn property weakness likely a multi-year growth drag on China’s economy This article was written by Eamonn Sheridan at www.forexlive.co... Read More
Posted: Jun 15 2023, 01:44
Author Name: forexlive
Views: 111435

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