GDP data is due from China today, along with more
All due at 0200GMT
Q1 GDP
- expected is +7.0% y/y, prior was +7.3%
GDP is the big one.
Chinese administrators have been consistently saying the economy faces downward pressure, but official goals are for GDP 'around' 7%. They've also been trying to transition the economy away for its reliance on exports and more on domestic consumption. If the trade data we got on Monday is any guide, they're bang on with the first part of that at least ....
What else is due?
- March Industrial Production y/y expected is +7.0%
- Industrial production YTD y/y expected is 6.9%, prior was 6.8%
- Fixed Assets (excluding rural) YTD y/y, expected is 13.9%, prior was 13.9%
- Retail Sales y/y, expected is 10.9%
- Retail Sales YTD y/y, expected is 10.8%, prior was 10.7%
