China May new home prices growth fastest in five months

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China May new home prices growth fastest in five months BEIJING (Reuters) – New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more.

WASHINGTON (Reuters) – New orders for U.S.-made capital goods fell more than expected in April, further evidence that the economy was slowing after a growth. 5.9% in March. Orders for motor.

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China’s top five products exported to the US (which make 75% of all exports) can also be shipped to EM nations. In the absence of US demand, EM countries can take up the slack, and then some, given.

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Home prices. for China fell to 52.0 in June, the lowest since February and down from May’s 52.7. The 50-mark separates growth from contraction. New export orders placed with Chinese services firms.

Growth in industrial output slowed more than expected to 5.4% in. consecutive month of decline. China’s exports also unexpectedly shrank in April in the face of U.S. tariffs and weaker global.

Home price growth slowed. in activity. New home sales fell 6.9% to a 673,000 annualized pace in April, down from an 11-year high a month earlier, while existing home sales fell 0.4% from March to a.

Average new home prices in May grew at the fastest rate since December 2018, rising higher for the 49th consecutive month. Home prices rose 0.7% in May YoY, the same rate as in April. Eased credit conditions in recent times have driven the demand for housing higher, keeping new home prices supported.

China’s new home prices accelerated to their fastest pace in almost two years in June, with buyer demand in bigger cities resilient in the face of fresh curbs against speculation, a sign more restrictions may be needed. Average new home prices in China’s 70 major cities rose 1 percent in June

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Average new home prices in China’s 70 major cities rose 0.7% in May from the previous month, picking up from a 0.6% rise in April and the quickest pace since December, according to Reuters calculations based on National Bureau of Statistics (NBS) data on Tuesday. That marked the 49th straight month of price gains.