Monday, October 19, 2015

China'ss GDP Q3: risks to the upside - Westpac

FXStreet (Barcelona) - Analysts at Westpac explained that China Q3 GDP will be released at 1pm Syd/10am local. Westpac’s forecast of 6.8% y/y is in line with market consensus, while the real growth rate over the year to Q2 was 7.0%.

Key Quotes:

"We see risks to the upside in our forecast. Net exports, which were a major swing factor from 2014 to 2015, have since stabilised and should have minimal impact between Q2 and Q3. The services sector will also be watched, as contribution from finance should drop from Q2 to Q3. The market median forecast for Sep industrial production is 6.0% y/y. The Westpac-MNI consumer sentiment index is suggesting some upside risks, given the improvement in the business conditions outlook. We also see Sep fixed investment and retail sales at the same time."
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