Analysts at Nomura suggest that based on detailed Q2 GDP breakdown data of Chinese economy which was released by the National Bureau of Statistics, they estimate the contribution from service sector to real GDP growth declined to 4.1 percentage points (pp) from 4.2pp in Q1, while that from primary and secondary sectors remained largely unchanged. Key Quotes “By industry, output growth in construction and property services sectors dropped by 1.4pp and 0.7pp, respectively, to 4.0% y-o-y and 4.2% in Q2, consistent with the recent slowdown in property investment and sales; that in wholesale & retail sales sector also slowed, by 0.2pp to 6.6% in Q2, likely weighted on by the rapid build-up of household leverage.” “That said, we see a continued momentum building in new economy components.” “We continued to expect a growth slowdown ahead, mainly due to headwinds from weakening end-demand, rising credit defaults, a problematic property sector, and escalating ChinaUS trade tensions.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin price hits $7,545: what’s going on and what crypto influencers are saying FX Street 5 years Analysts at Nomura suggest that based on detailed Q2 GDP breakdown data of Chinese economy which was released by the National Bureau of Statistics, they estimate the contribution from service sector to real GDP growth declined to 4.1 percentage points (pp) from 4.2pp in Q1, while that from primary and secondary sectors remained largely unchanged. Key Quotes "By industry, output growth in construction and property services sectors dropped by 1.4pp and 0.7pp, respectively, to 4.0% y-o-y and 4.2% in Q2, consistent with the recent slowdown in property investment and sales; that in wholesale & retail sales sector also slowed, by… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
