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Home / Metal News / China’s Jan-Apr property sales dip 0.3% on year: NBS

China’s Jan-Apr property sales dip 0.3% on year: NBS

May 15, 2019 11:31

Source:SMM

This was 0.6 percentage point smaller than the decline in Jan-Mar

SHANGHAI, May 15 (SMM) – Property sales by floor area in China, a major indicator of demand, dipped 0.3% year on year in January-April, 0.6 percentage point smaller than the decline in January-March, said the National Bureau of Statistics (NBS) on Wednesday May 15.

Real estate investment for the same period rose 11.9% from a year earlier, 0.1 percentage point faster than the first three months of 2019. Investment in the residential sector accounted for 72.8% of the total.

NBS data also showed that new construction starts measured by floor area rose 13.1% year on year in January-April.

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