Economic growth data from China for July – September 2019
For the q/q 1.5%
- expected +1.5%
- prior was +1.6%
For the y/y 6.0% – a small miss.
- expected +6.1%
- prior was +6.2%
The small disappointment on the GDP number will be tempered somewhat by the big beat for September industrial production, on a separate post:
- China September activity data: Industrial Production 5.8% y/y (expected 4.9%)
Yet again China GDP comes in not more than 0.1% away from the Bloomberg survey central estimate. The government target is 6 to 6.5% and woe betide the statistician who brings in a result under…
6.0% is the slowest in 27 and a 1/2 years (wait … FT says 30 years). Thing is, as the economy grow in size … and its huge, expecting super-duper % growth rates is unreasonable.