CNBC Daily Open: China posts better-than-expected economic data [CNBC]
Intel Corporation (INTC)
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Source: CNBC
Like what you see? You can subscribe here Better-than-expected growth for China China's third-quarter gross domestic product expanded by 4.6% year on year , according to the National Bureau of Statistics. Even though that's higher than the 4.5% in a Reuters poll, it trails the second-quarter's growth of 4.7%. On a quarterly basis, China's economy grew by 0.9% in the third quarter. Chinese and U.S. retail sales going strong China's retail sales for September grew 3.2% from a year ago , said the National Bureau of Statistics. That's better than the 2.5% estimate in an LSEG poll and August's figure of 2.1%. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September . It's higher than both the 0.1% gain in August and the 0.3% Dow Jones forecast. Dow bucks the trend to rise U.S. markets had a mixed Thursday. The Dow Jones Industrial Average added 0.37% to close at another record level . But the S&P 500 and Nasdaq Composite were mostly unchanged.
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