Cyrrus (Cyrrus)
Macroeconomics  |  October 18, 2012 09:42:05

China - GDP in Q3 met expectations, industry, retail, investment grows more than expected


China announced that GDP for 3Q of this year grew by 7.4%, which is indeed the slowest since 2009, but on the other hand, the most important indicator different from market expectations, which in the current situation can be considered a positive message. Came out better than expected data on industrial production, which in September rose by 9.2% compared with estimates of +9.0%. Very good feature is the data on retail sales, which grew by 14.2%, while the expectation was set to +13.2%. Another optimistic indicator of the investment in fixed assets, which increased by 20.5%, while analysts estimated growth of 20.2%.The overall impression of the Chinese data is very positive responses and according to economists and politicians, it is likely that the Chinese economy is now at the bottom and the other direction is upward. This was confirmed by Chinese Premier Wen, with the target for this year will be met. The prevailing view of economists and analysts is that the economy is already in 4Q slump and possibly stop them commercially yoy increase. These positive reports are especially welcome at a time when China will rotate leadership of the Communist Party (scheduled for November).

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Čína - HDP ve 3Q naplnil očekávání, průmysl, maloobchod, investice rostou více než se čekalo

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