The typical/expected impact on CNY pairs is high.
The consensus forecast for Gross Domestic Product (QoQ) is 1.1%. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The most recent announced value for Gross Domestic Product (QoQ) was 0.9% against a forecast of 0.9%.
Recent economic data has been strongly 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 | 25% | 36.3% | ||
| Exports (YoY) CNY | Bullish change | 18.6% | 29.6% | ||
| Imports (YoY) | Bullish change | 28.2% | 31% | ||
| Imports (YoY) CNY | Bullish change | 21.7% | 24.6% | ||
| Trade Balance CNY | Bullish change | 809.3B | 905.97B | ||
| Trade Balance USD | Bullish change | $119.09B | $133.53B | ||
| Consumer Price Index (MoM) | Bearish change | 0.4% | 0.2% | ||
| Consumer Price Index (YoY) | Bullish change | 0.8% | 0.9% | ||
| Producer Price Index (YoY) | Bullish change | 3.8% | 5% |