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China Economic Growth Slows More Than Expected in Third Quarter


Friday, 19 October 2018 09:19 WIB

GDP China Pertumbuhan Ekonomi Chinaekonomi China


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Gross domestic product increased 6.5 percent in the third quarter from a year earlier, compared to 6.6 percent in a Bloomberg survey and down from the 6.7 percent pace in the previous quarter.

Industrial output rose 5.8 percent last month from a year earlier, versus the forecast of 6 percent, the statistics office said.

Retail sales increased 9.2 percent in September, compared with the forecast 9 percent.

Fixed-asset investment climbed 5.4 percent in the first nine months, versus a forecast of 5.3 percent.

The urban monthly surveyed unemployment rate stood at 4.9 percent at end-September.

China’s economy faced increasing headwinds in the third quarter, with worsening trade tensions and the government’s deleveraging campaign undercutting growth. Those problems prompted officials to step up stimulus, but the impact of those measures has yet to kick in and more may be needed.

Source : Bloomberg


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