China’s economy expanded 1.2% quarter on quarter in the third quarter, outpacing the 1.1% consensus forecast. The release points to slightly firmer sequential momentum than markets had pencilled in for the period.
Growth Exceeds Expectations
The data provide a fresh steer on near-term growth conditions as policymakers monitor domestic demand and external headwinds.
Focus Shifts To Activity Indicators
With actual output edging above expectations, attention is likely to remain on whether subsequent activity indicators validate the pace implied by the 3Q GDP print.
