China March new home costs -0.3% m/m (prior additionally -0.3%)

China’s property market continues to dribble alongside its lacklustre path.

New home costs -0.3% m/m

• prior -0.3%

For the y/y, -2.2%

• prior -1.4%

These home value declines are a little bit of a vicious circle, there extra they fall the extra individuals have a tendency to carry off on purchases ready for costs to fall additional.

Nonetheless to come back is an information deluge together with retail gross sales and industrial manufacturing for March:

• Economic calendar in Asia Tuesday, 16 April 2024

This text was written by Eamonn Sheridan at www.forexlive.com.