- With stimulus measures still newly announced, or with details pending, it is unlikely that today’s GDP will surprise to the upside.
- Market consensus is +4.5%, still below the Government’s 5% target.
- Today will also see the release of Industrial Production, Retail Sales and Trade data.
- Market consensus sees Industrial Production YoY tick up marginally to 4.6% (from 4.5% in August).
- Retail sales too is expected to see a modest increase given recent key holidays in China, up +2.5%.
- Export numbers will be a key determinant of market reaction. Market consensus is for a +8% YoY vs +12.1% for August. This is the release that has the potential to have the greatest impact on as it has remained solid in the face of other data moderating.
CHINA: Data Preview
Last updated at:Oct-17 22:45By: Jamie Grant
China
- With stimulus measures still newly announced, or with details pending, it is unlikely that today’s GDP will surprise to the upside.
- Market consensus is +4.5%, still below the Government’s 5% target.
- Today will also see the release of Industrial Production, Retail Sales and Trade data.
- Market consensus sees Industrial Production YoY tick up marginally to 4.6% (from 4.5% in August).
- Retail sales too is expected to see a modest increase given recent key holidays in China, up +2.5%.
- Export numbers will be a key determinant of market reaction. Market consensus is for a +8% YoY vs +12.1% for August. This is the release that has the potential to have the greatest impact on as it has remained solid in the face of other data moderating.
