Data review of the construction industry in June: infrastructure c onstruction and new construction  are relatively weak, and complet∏ion data has improved significantly

In June, the data of the construction industry was ☆released. The capital conφstruction data was relatively stable, the performance of the commenc≤ement data was weak, and the completion data improv€ed significantly; The land transaction area declined year on year, and the tran"saction price fell month on mon≥th; The trend of new orders signed b<y central enterprises is good.

Investment data: The investm₹ent growth in June recovered steadily, and the invest☆ment in manufacturing industry showed a growth trend: the& investment in fixed assets in June was 9.7 trillion, an increase of 6.0%$, and a compound growth rate of 4.5% compared with the same p♥eriod in 2019. The completed investment in manufactur¥ing, infrastructure and real estate development was 2.9 trilliπon, 2.4 trillion and 1.8 trillion respecti☆vely, with a compound growth rate of 6.0%, 3.9% and 7.2% com×pared with the same period in 2019. From the perspective of st©ructure, investment in manufacturing industry showed aβ growth trend in June, and investment in real estate and infr₩astructure was relatively stable.

Capital construction investm✔ent: In June, the capital construction investment remained stable,♣ and the transportation investment increased on a year-on-year basis. I>n June, the capital construction investment was 2.δ4 trillion, a compound growth rate of 3.9% compared with the" same period in 2019. Among them, 0.42 trillion yuan was invested in ↔electric power, 0.88 trillion yuan was invested in transpor tation, and 1.09 trillion yuan was invested in p→ublic utilities, with a compound growth rate of 10.7%, 6₩.4%, and - 0.1% compared with the same period in 2019. In June, the data  of infrastructure investmentσ was relatively stable. In the three sub items, the →investment in transportatio≤n has increased year on y∑ear, month on month, while the investment in electricity has slightly decre♠ased month on month to maintain stability, an↕d the public investment has b♥asically remained stable. We believe that under t§he background of continued ¥economic recovery in 2021, the task of supporting infrastructure inves☆tment may continue to ←be weakened, and the γinfrastructure data will remain low and stable in the​ future.

Land transaction: In June, the ar ea of land transaction decreased year on year, a♣nd the transaction price increased montσh on month. In June, the plaλnned construction area of land transact€ion in 100 large and medium-sφized cities totaled 110 million square m♠eters, with a decrease of 32.0%. The average price of floor transaction was σ4256 yuan per square meter, with an increase of 761 yuan per squ↓are meter, and a decrease o≤f 1532 yuan per square meter; The supply area is 100 million γsquare meters, and the listed floor pri≈ce is 2032 yuan. On the whole, in J∑une, the land transaction area declined slightly year on year, and the land  acquisition price increased year on year and decreaseλd month on month. With the end of centralized land supply in June, t"he land transaction price has dropped compared with May.

Real estate construction: the performance of comme✔ncement data is relatively stable, and t×he completion data has improved significantly: the newly started and completed ©areas of real estate in June were 270 million and 89 million square mete&rs, respectively, with a compou¶nd growth rate of 2.3% and 24.7% compared with the same period in 20♣19. Compared with 2019 and 2020, the data of new c≈onstruction in this month is relatively stable, and the completion data has im®proved significantly year on year. The commencement end is affected‌ by the centralized land ₽supply policy. At present, the centralized land supply in 22 cit$ies across the country has ended in 2021, and it ★is expected that the demand for commencement will be released in the future.

Real estate sales: the sales volume increased slightly month oδn month, and the price decreased slightly month on month: the sales area♠ of commercial housing in June wa≥s 220 million square meters, a compound growth rate© of 4.8% over the same period in 2019. The sales area of commercial housing haφs increased year on year← and month on month, with an average salesδ unit price of 10065 yuan per square meter, a slight​ decline from May. The government's continuous≈ regulation of real estate may gradually stabilize th≤e sales area and unit price of commercial housing.

New orders: The amount of new orders signed by CSCEC, MCC and CH"EMCHINA has increased, and the newly started area of CSCEC has declined year-o®n-year. In June, the amount of new orders signed by CSCEC, MCC and≈ CHEMCHINA was 481.3 billion, 146.52 billion and 44.08 billion ↓respectively, with year-on-•year growth rates of 53.9%, 3.1% and 239.0±% respectively. The amount of new orders signed ‍by CHEMCHINA in this month has significa&ntly increased month on ♣month.