This indicator measures the year-over-year change in total spending on non-financial fixed assets in China, including real estate, infrastructure, and industrial machinery. The data is reported on a cumulative basis from the beginning of the year, providing a comprehensive view of capital investment trends. It is a key driver of China's economic growth and a significant indicator of future demand for raw materials and industrial commodities.
The National Bureau of Statistics (NBS) calculates this by summing all capital expenditures on fixed assets from January to the current month and comparing it to the same period in the previous year. It covers both rural and urban investment projects above a certain size threshold.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 17, 2026 | -6.70 | -6.20 | -0.50 |
| Jul 15, 2026 | -5.70 | -4.90 | -0.80 |
| Jun 16, 2026 | -4.10 | -2.00 | -2.10 |
| May 18, 2026 | -1.60 | 1.60 | -3.20 |
| Apr 16, 2026 | 1.70 | 1.90 | -0.20 |
| Jan 19, 2026 | -3.80 | -3.00 | -0.80 |
| Dec 15, 2025 | -2.60 | -2.30 | -0.30 |
| Nov 14, 2025 | -1.70 | -0.80 | -0.90 |
| Oct 20, 2025 | -0.50 | 0.20 | -0.70 |
| Sep 15, 2025 | 0.50 | 1.40 | -0.90 |
| Aug 15, 2025 | 1.60 | 2.70 | -1.10 |
| Jul 15, 2025 | 2.80 | 3.70 | -0.90 |
| Jun 16, 2025 | 3.70 | 3.90 | -0.20 |
| May 19, 2025 | 4.00 | 4.20 | -0.20 |
| Apr 16, 2025 | 4.20 | 4.10 | +0.10 |
| Mar 17, 2025 | 4.10 | 3.60 | +0.50 |
| Jan 17, 2025 | 3.20 | 3.30 | -0.10 |
| Dec 16, 2024 | 3.30 | 3.40 | -0.10 |
| Nov 15, 2024 | 3.40 | 3.50 | -0.10 |
| Oct 18, 2024 | 3.40 | 3.30 | +0.10 |
| Sep 14, 2024 | 3.40 | 3.50 | -0.10 |
| Aug 15, 2024 | 3.60 | 3.90 | -0.30 |
| Jul 15, 2024 | 3.90 | 3.90 | 0.00 |
| Jun 17, 2024 | 4.00 | 4.20 | -0.20 |
| May 17, 2024 | 4.20 | 4.60 | -0.40 |
| Apr 16, 2024 | 4.50 | 4.30 | +0.20 |
| Mar 18, 2024 | 4.20 | 3.20 | +1.00 |
| Jan 17, 2024 | 3.00 | 2.90 | +0.10 |
| Dec 15, 2023 | 2.90 | 3.00 | -0.10 |
| Nov 15, 2023 | 2.90 | 3.10 | -0.20 |
| Oct 18, 2023 | 3.10 | 3.20 | -0.10 |
| Sep 15, 2023 | 3.20 | 3.30 | -0.10 |
| Aug 15, 2023 | 3.40 | 3.80 | -0.40 |
| Jul 17, 2023 | 3.80 | 3.50 | +0.30 |
| Jun 15, 2023 | 4.00 | 4.40 | -0.40 |
| May 16, 2023 | 4.70 | 5.50 | -0.80 |
| Apr 18, 2023 | 5.10 | 5.70 | -0.60 |
| Mar 15, 2023 | 5.50 | 4.40 | +1.10 |
| Jan 17, 2023 | 5.10 | 5.00 | +0.10 |
| Dec 15, 2022 | 5.30 | 5.60 | -0.30 |
| Nov 15, 2022 | 5.80 | 5.90 | -0.10 |
| Oct 24, 2022 | 5.90 | 6.00 | -0.10 |
| Sep 16, 2022 | 5.80 | 5.50 | +0.30 |
| Aug 15, 2022 | 5.70 | 6.20 | -0.50 |
| Jul 15, 2022 | 6.10 | 6.00 | +0.10 |
| Jun 15, 2022 | 6.20 | 6.00 | +0.20 |
| May 16, 2022 | 6.80 | 7.00 | -0.20 |
| Apr 18, 2022 | 9.30 | 8.50 | +0.80 |
| Mar 15, 2022 | 12.20 | 5.00 | +7.20 |
| Jan 17, 2022 | 4.90 | 4.80 | +0.10 |
