For the m/m no change, 0% (vs. prior +0.2%)
The heightened concerns over the property sector kicked off by Evergrande’s debt repayment woes led to fewer bids for homes in China in September. Weighing on the figures somewhat for the September month.
ADDED … to another decimal place the result is -0.08% m/m for new home prices, first fall since April 2015
- only 27 of 70 major cities saw new house prices rise
- in the secondary market -0.19%, down for the 2nd month
Recap of the China headlines so far today – its been active:
This article was originally published by Forexlive.com. Read the original article here.