China June new house prices -4.5% y/y (prior -3.9%)

China new home prices continue their slump. Despite all the support measures being provided for the sector recovery is not yet in sight.

On a brighter note used home prices dropped 0.85% m/m, slightly slower than the drop in May.

Still to come:

• Economic calendar Asia Monday, 15 July 2024 – Chinese economic activity data, also Q2 GDP

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