The typical/expected impact on CNY pairs is high.
The consensus forecast for Gross Domestic Product (QoQ) is 0.9%. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The most recent announced value for Gross Domestic Product (QoQ) was 1.2% against a forecast of 1.4%.
Recent economic data has been moderately bullish for CNY. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Exports (YoY) | Bullish change | 4.8% | 5.8% | ||
Imports (YoY) | Bullish change | -3.4% | 1.1% | ||
Imports (YoY) CNY | Bullish change | -2.1% | 2.3% | ||
Trade Balance CNY | Bearish change | 743.56B | 585.96B | ||
Trade Balance USD | Bullish change | $103.22B | $114.77B | ||
Exports (YoY) CNY | Bullish change | 6.3% | 7.2% | ||
Consumer Price Index (MoM) | Bullish change | -0.2% | -0.1% | ||
Consumer Price Index (YoY) | Bullish change | -0.1% | 0.1% | ||
Producer Price Index (YoY) | Bearish change | -3.3% | -3.6% | ||
Caixin Services PMI | Bearish change | 51.1 | 50.6 | ||
Caixin Manufacturing PMI | Bullish change | 48.3 | 50.4 |