China Q3 GDP y/y a tad weaker, but meets estimates

Dhwani Mehta FXStreet

China's YoY GDP figures for the third quarter of 2017 came at +6.8% vs +6.8% exp and 6.9% previous, with the QoQ reading for Q3 coming in at +1.7% vs +1.7% exp and +1.8% (revised up from 1.7%) last.

With regard to retail sales YoY, the number was in +10.3 vs 10.2% exp and 10.1% last, with industrial output YoY at 6.6% and 6.2% exp and 6.0% last. Meanwhile, urban investment YoY stood at +7.5% vs 7.7% expected and 7.8% last.

The mixed data had a negative impact on the Australian Dollar, knocking-off the AUD/USD pair back to test 0.7850, while AUD/JPY retraced to 88.71 levels.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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