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Weekend data - China’s home sales rose for a third month in April

Weekend data - China’s home sales rose for a third month in April
The value of new home sales by the 100 biggest real estate developers climbed 31.6% y/y in Aprilprior was +29.2% in MarchThe data comes via China Real Estate Information Corp. and was reported by Bloomberg (gated). While the manufacturing PMI published over the weekend was poor:ICYMI: China printed a miserable manufacturing PMI result for April, back into contractionThis real estate data indicates that government initiatives to boost the real estate sector, a key sector of China's economy, are h... Read More
Posted: Apr 30 2023, 21:57
Author Name: forexlive
Views: 102754

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