Tuesday, October 20, 2015

China's GDP's silver lining - Nomura

FXStreet (Guatemala) - Analysts at Nomura noted yesterday's Chinese GDP but at the same looked for the positives.

Key Quotes:

"The silver lining is that the pace of economic rebalancing seems fairly fast. The contribution to real GDP growth from final consumption rose to 58.4% (ytd) in Q3 from 49.1% in Q3 2014."

"The rebalancing was at least partly helped by faster income growth (7.7% y-o-y ytd) than GDP growth (6.9%) in Q3 2015. Moreover, in the first three quarters of this year, the share of the service sector in total GDP rose to 51.4% from 49.1% the same time last year, while that of secondary industry contracted to 40.6% from 42.7%."
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