The post China’s economy expands 4.6% YoY in Q3 2024 vs. 4.5% expected appeared on BitcoinEthereumNews.com.

China’s economy expanded at an annual rate of 4.6% in the third quarter of 2024 after growing 4.7% in the second quarter, the official data published by the National Bureau of Statistics (NBS) showed on Friday. The market forecast was 4.5% in the reported period. On a quarterly basis, the Chinese Gross Domestic Product (GDP) rate rose 0.9% in Q3 2024, compared to 0.7% booked in the previous quarter, missing the expectations for a 1.0% reading. China’s September Retail Sales YoY, increased by 3.2% vs. 2.5% expected and 2.1% prior while the nation’s Industrial Production arrived at 5.4% YoY vs. 4.6% anticipated and August’s 4.5%. Meanwhile, the Fixed Asset Investment edged higher by 3.4% year-to-date (YTD) YoY in September vs 3.3% expected and 3.9% prior. AUD/USD reaction to China’s data dump Mixed China’s GDP and activity data failed to impress the Australian Dollar, as the AUD/USD pair keeps its range just above 0.6700. At the time of writing, AUD/USD is up 0.20% on the day to trade at 0.6708. Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the US Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.04% -0.08% -0.14% -0.03% -0.17% -0.10% 0.02% EUR 0.04%   -0.02% -0.07% 0.00% -0.15% -0.04% 0.06% GBP 0.08% 0.02%   -0.04% 0.03% -0.11% -0.01% 0.05% JPY 0.14% 0.07% 0.04%   0.10% -0.05% 0.01% 0.11% CAD 0.03% -0.01% -0.03% -0.10%   -0.15% -0.05% 0.01% AUD 0.17% 0.15% 0.11% 0.05% 0.15%   0.08% 0.17% NZD 0.10% 0.04% 0.00% -0.01% 0.05% -0.08%   0.08% CHF -0.02% -0.06% -0.05% -0.11% -0.01% -0.17% -0.08%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from…

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Filed under: News - @ October 18, 2024 2:23 am