Data released on Saturday from China's National Bureau of Statistics (NBS) for new home prices in the country for June:
0% change m/m, the weakest so far for 2023
- prior +0.1% in May
Also 0% y/y
- prior +0.1% y/y in May also
There have been more support measures for the property sector in China over past weeks but they have been piecemeal. Traders want to see more substantial support/stimulus measures from China but are not getting them.
