All China new home prices +8.3 pct y/y (July +9.7 pct) - Reuters calculation
- Up 0.2% m/m (Average new home prices in China's 70 major cities )
- Beijing new home prices +5.2 pct y/y (July +8.9 pct) - for the m/m up unchanged
- Shanghai new home prices +2.8 pct y/y (July +7.3 pct) - the m/m unchanged
- Guangzhou new home prices +13.2 pct y/y (July +16.7 pct) - the m/m down 0.7%
- Shenzhen new home prices -1.9 pct y/y (July +0.5 pct) - the m/m is down 0.4%
Background to developments in China house prices is that regulators have intensified their crackdown on property speculation.
- The data today's is the 9th in a row showing deceleration in prices
- slowest rate of growth since July 2016 since
As a ps. the AUD has popped (all of 15 points or so) - not really on this data though:
And pps., some data for Aussie new motor vehicle sales for August
- 0.0% (flat) m/m (prior -2.4% and +1.7% y/y (prior 1.7% also)
