China’s economic growth and the performance of the US industrial production and housing market are the highlights of this week’s economic data.
on Monday
China’s economic growth may slow down in the third quarter. Although many analysts had predicted at the beginning of the year that China’s gross domestic product (GDP) growth would tend to slow down in the second half of 2021, as the Chinese government seeks to control technology companies, curb excessive borrowing in the real estate industry, and achieve greater carbon emissions Emission targets and address other economic issues, Monday’s data may allow the world to see a greater slowdown. Economists surveyed by The Wall Street Journal predict that GDP growth in the third quarter was 5.1% year-on-year, down from 7.9% in the second quarter.
The US industrial output value in September is expected to increase for the seventh consecutive month. Indicators that measure the output of factories, mines and utilities have been driven by strong consumer demand for manufactured goods, but supply chain disruptions and semiconductor shortages may reduce car production and drag down the overall performance of the month.
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