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:
China June new house prices -4.5% y/y (prior -3.9%)
- For the m/m June is -0.7% (prior -0.7%)
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