China’s GDP seen expanding in Q3 2017 – Bloomberg survey

Dhwani Mehta FXStreet

According to the median of 57 economist estimates in a July 17-24 Bloomberg survey, China GDP is seen expanding in the third and fourth quarter, especially after the second quarter growth numbers outpaced expectations.

Key findings:

China’s gross domestic product will expand by 6.7 percent from a year ago in the third quarter and 6.6 percent in the fourth quarter

Both forecasts were 0.1 percentage point higher than a month ago.

Consumer prices will rise 1.8 percent in the third quarter, and then 2 percent in the fourth quarter. Factory gate inflation has peaked, and PPI will slow to 4.8 percent in the three months through September, before dropping further to 2.5 percent in the final quarter.

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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