Economic recovery may stabilize in September
Print Edition
China’s economic recovery may show signs of stabilizing in September but its economy might grow at a slower pace from that in the previous two months, according to analysts.
The country’s third-quarter gross domestic product may grow by an annual 7.8 percent, up from the increase of 7.5 percent in the second quarter, which was the slowest in more than one year. The September economic data are due for release next week.
“China’s economic performance seemed to have weakened a bit in September after the strong rebounds in July and August,” said Lu Zhengwei, chief economist at Industrial Bank. “But overall, the third-quarter GDP will secure a long-waited recovery that brings hope for a continued rebound.”
The Consumer Price Index, the main gauge of inflation, may grow to 2.9 percent in September from the 2.6 percent rise in August. The Producer Price Index, which measures factory-gate inflation, may fall 1.5 percent last month, narrowing from August’s drop of 1.6 percent.
The official Purchasing Managers’ Index, a gauge of conditions in China’s industrial firms, was at 51.1 last month, up 0.1 point from August’s.
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