China's Q1 indices of fixed assets investment prices up 8.6%

The National Bureau of Statistics (NBS) announced yesterday that the price indices of fixed assets investment in the first Quarter went up by 8.6% over the same period of the previous year.

Xinhua News Agency cited NBS report that the indices of construction and installation increased by 12.4%. The price indices of equipment procurement costs went up by 0.2%. Other price indices rose by 5.8%.

Among those price indices of construction and installation, the price indices of material costs, manpower costs and machine costs went up by 13.7%, 13.5% and 5.3% respectively.

Meanwhile, China's fixed assets investment in the first Quarter soared 33%. The investment in manufacturing industry and tertiary industry surged 75.8%and 37.7% respectively, while the investment in the primary industry only accounted for 0.4%, according to the bureau.