A raft of economic data from China is likely to be on investors’ radar this week as markets try to assess the strength of global economic growth, following the heavy equity selloff last week.
The bulk of the data will be released on Tuesday, including third-quarter gross domestic product (GDP), industrial output, fixed asset investment and retail sales for the month of September. Unexpected weakness in the readings could spark renewed selling as investor sentiment is already jittery over the outlook for the U.S. and European economies and the spread of Ebola.
A Reuters poll expects GDP growth to come in at 7.2 percent from the year-ago period, compared to the 7.5 percent growth in the preceding quarter. “The sagging housing market has affected the economy more broadly, weighing on investment and on commodity production. A bright spot was the acceleration in exports, but this was not sufficient to keep the economy from growing below potential,” analysts from Moody’s Analytics wrote in a note.
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