year things: Meanwhile, it said that industrial output, a proxy for economic growth, expanded 6.1% in October from a year earlier, matching September pace but remaining a hair below economist expectations, according to Market Watch. The bureau said fixed-asset investment, a closely watched gauge of construction activity, climbed by 8.3% year on year in the January-October period, as economists expected. Retail sales rose a weaker-than-expected 10% in October from a year earlier, slowing from September 10.7% growth, the National Bureau of Statistics said Monday. For now, the economy remains solidly on track to reach its 6.5% to 7% target for 2016 following growth of 6.7% in the first three quarters, many economists said. Were in a kind of a sweet spot, although next year things are likely to see a slowdown by the second quarter. Were looking at stability for now, said Macquarie Group Ltd. economist Larry Hu.
(news.financializer.com). As
reported in the news.
Tagged under year things, economist expectations topics.