Economic growth data for the third quarter (July to September) is due from China
Q3 GDP
expected is +6.6% y/y
prior was +6.7%
For q/q, expected 1.6%, prior 1.8%
Couple of bank previews:
HSBC:
We expect GDP growth to have moderated slightly to 6.6% y-o-y in Q3 2018. Headline investment growth eased over the quarter, as infrastructure investment slowed sharply, even as manufacturing investment and property investment held up well. Meanwhile, the US-China tariff war escalated rapidly over the quarter, also weighing on economic activity and sentiment. Although policy makers have signalled further policy easing and reforms, over recent months, it will take a while before the impact of these measures is felt.
Nomura
We expect real GDP growth to slow to 6.4% y-o-y in Q3 from 6.7% in Q2 as headwinds blew strongly in the quarter. Industrial production (IP) growth will likely moderate to 5.9% y-o-y in September from 6.1% in August, reflecting weakening demand, but also due to a high base last year. One less working day this September than last could also be a factor.
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