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 | ||||
---|---|---|---|---|---|
Industrial Production (YoY) | Bullish change | 5.9% | 7.7% | ||
Retail Sales (YoY) | Bullish change | 4% | 5.9% | ||
Gross Domestic Product (YoY) | (no change) | 5.4% | 5.4% | ||
Exports (YoY) | Bullish change | 2.3% | 12.4% | ||
Exports (YoY) CNY | Bullish change | 3.4% | 13.5% | ||
Imports (YoY) | Bullish change | -8.4% | -4.3% | ||
Imports (YoY) CNY | Bullish change | -7.3% | -3.5% | ||
Trade Balance CNY | Bullish change | 122B | 736.72B | ||
Trade Balance USD | Bearish change | $170.51B | $102.64B |