China's GDP dips to 6.5%, missing expectations

Joshua Gibson FXStreet

China's annualized GDP reading for 2018's third quarter came in worse than expected, declining to 6.5% against the previous reading of 6.7%, missing the 6.6% projection.

Key highlights

This is the slowest pace of GDP growth for China since 2009's first quarter, with the q/q figure coming in as-expected at 1.6%, versus the last reading of 1.8%.

China's Industrial Production y/y also missed estimates, clocking in at 5.8% versus the forecast 6.0%, and the last at 6.1%.

Annualized Retail Sales managed to post an upswing, printing at 9.2% versus the steady forecast at 9.0%.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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