China’s May property outlook index falls

China‘s May property outlook index falls


BEIJING – China’s property outlook index, which covers price and investment trends in the sector, fell to 103.34 points in May from 104.07 in April, the National Bureau of Statistics said on Wednesday.


The index has been falling since it peaked at 106.59 in November.


The index distils trends in investment, prices, and supply and demand in the real estate market into a composite figure representing the sector’s overall health.


A reading above 100 indicates positive or improving conditions, while one below 100 indicates negative or worsening ones. — REUTERS


Source: Business Times


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