Third quarter China gross domestic product is the big data point for today

GDP for Q3, y/y 6.7% ... In line with expected and unchanged from Q2

  • expected 6.7%, prior 6.7%
  • The government's target band is 6.5 to 7 percent, so pretty much close to the middle of the target range

GDP, q/q 1.8% ... In line with expected and unchanged from Q2 ... no, wait, Q2 revised to 1.9% from 1.8%

  • expected 1.8%, prior 1.9%, revised from 1.8%

GDP YTD y/y 6.7% ... In line with expected and unchanged from Q2

  • expected 6.7%, prior 6.7%

Well ... that lot is boring .... all as expected and matching the prior

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And, other data from China today:

Industrial production for September, 6.1% ... that's a MISS

  • expected +6.4% y/y, prior 6.3%

Retail Sales for September, 10.7%

  • expected +10.7% y/y, prior 10.6%

September Fixed Assets (excluding rural) YTD y/y, 8.2%

  • expected 8.2%, prior was 8.1%
  • private sector fixed-assest investment +2.5% in the first 9 mths of the year

I'll be back with responses etc. on another post