China’s GDP at 7.8%

China’s gross domestic product (GDP) rose 7.8 percent in the third quarter on year, the National Bureau of Statistics reported on Friday, up from 7.5 percent in the previous three months.

Industrial output for September, released alongside the growth data, came in slightly higher than forecasts, with an increase of 10.2 percent from a year earlier.

Fixed asset investment grew 20.2 percent in the first nine months of 2013 from a year earlier, lower than expectations for growth of 20.3 percent.   Retail sales, meantime, were weaker than expected, rising 13.3 percent on year. Analysts had forecast a rise of 13.5 percent.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.