China Q3 GDP Beat: What It Means for China Growth Outlook

Posted on by Eben@CANSLIM Research

In a report on China’s Q3 GDP edging past forecasts on a broader September pickup, the analysis argues that the slight upside surprise was driven by a wide improvement across September activity data rather than by any single engine of growth. Real GDP rose 4.5% yoy in Q3, marginally above both market consensus and the report’s own forecast of 4.4%, taking year-to-date growth to 4.6%. Nominal GDP growth edged up to 6.0% yoy from 5.9%, with the GDP deflator broadly unchanged at an estimated +1.5% yoy.

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