China April house prices -0.2% m/m

  • prior 0%

and +0.7% y/y

  • prior +1.5%

The m/m fall is the first reported decline since December 2021. The y/y rsie is the lowest since October 2015.

The property sector has slowed sharply in China. Combine that with lockdowns covering major economic hubs and the lacklustre results today are hardly a surprise.

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Background piece on this data: