Quotes from Capital Economics:- The key release this week will be the Q3 GDP data, which we think will show growth falling to a five-year low of 7.3% y/y on the back of a further slowdown in fixed asset investment and industrial production in September. The slowdown is likely to have remained concentrated in the property sector and in heavy industry, with growth in the service sector holding up better. – The data on Q3 wage growth will provide a reading on the health of the labour market, which policymakers are now prioritising over growth. Wage growth has held up well so far this year, providing support to retail sales growth which we think will have remained broadly stable last month. – Finally, we expect HSBC/Markit’s flash manufacturing PMI reading for October (Thursday), to show that economic activity cooled further going into Q4. The rest of the data are due on Tuesday.
The material has been provided by InstaForex Company – www.instaforex.com