Economic Data From China Comes Better Than Expected
October 18, 2012 3:09 am in China
0Today’s economic data from China came out to be better than the expectations.
China GDP Growth:
Today’s data showed an expected decline in the year on year GDP growth during the 3rd quarter. The previous change was 7.6% and the consensus was for a drop to 7.4% and released figure was in line with the consensus. On the other hand the quarter on quarter change in the GDP during the 3rd quarter was 2.2% and was quite better than the expectations and also the previous change of 1.8%.
Chinese Industrial Production
The industrial production in China rose in September. The year on year growth in the industrial production came out to be 9.2% while the expectations were for 9.0% i.e. slightly better than the previous change of 8.9%.
Retail Sales
Chinese Retail Sales again jumped up in September. The economic data for retail sales showed a jump of 14.2% against the previous year’s figure of 13.2%. The consensus was that the growth will remain the same.
Urban Investment
The year to date Urban investment on year on year basis also saw a rise like GDP. The figure was 20.5% and came out as positive as compared to the expectations and previous 20.2%.
What to Expect:
The commodity currencies like Australian and Canadian Dollars should get further strength and the recent trend of change in the AUD and CAD pairs should continue.
ForexAbode.com said on October 18, 2012
Thank you Carol. We will try to do our best and hope that our members also contribute as much as possible to make it a platform for sharing for all the trading community.
Carol said on October 18, 2012
I just had to write and say how much I value your Economic Data as it does keep me in the loop as to what is happening globally. Moreover, It is news which I trust, so I just want to THANK YOU.
Carol