The Chinese annualized Gross Domestic Product for the third quarter of the year grew by 4.9%, below the 5.2% expected, but improved 3.2% in the second quarter of the year. Quarterly GDP rose 2.7%, down from 11.5% previously and 3.2% expected.
Chinese industrial production increased 6.9% in September, surpassing the 5.6% in August and the estimated 5.8%. The indicator rises for the sixth consecutive month and registers its biggest rise since December 2019.
The retail sales, on the other hand, they grew 3.3% in September, improving the previous 0.5% and the 1.8% expected. This is also the best result seen since December and the second month followed by increases after six previous declines.
Credits: Forex Street
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