Chinese GDP for Q3 6.9% y/y, beating expectations slightly
- Expected 6.8%
- Prior was 7.0%
The beat on expectations and just a shade off the 7.0% that Chinese authorities are targeting 'around' should, on the face of it, lower the probability, and/or size. of any stimulus measures that may be expected
(Let the doubts over Chinese data integrity begin, if they have ever stopped)
For the q/q (seasonalyy adjusted, in at +1.8% vs. +1.8% expected
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ps. Industrial production, retail sales & fixed asset investment for September were announced simultaneously, details at the link)
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Previews:
- Preview of the China Q3 GDP data (and more) coming up on Monday
- China GDP to be released on Monday
From the FT:
- 5 things to look out for in China's Q3 GDP report (may be gated)
From Bloomberg:
