Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
The typical/expected impact on CNY pairs is high.
The consensus forecast for Gross Domestic Product (QoQ) is 1.4%. 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 1.2% against a forecast of 1%.
Recent economic data has been strongly bearish for CNY. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Exports (YoY) | Bearish change | 39.6% | 2.5% | ||
| Exports (YoY) CNY | Bearish change | 19.2% | -0.7% | ||
| Imports (YoY) | Bullish change | 13.8% | 27.8% | ||
| Imports (YoY) CNY | Bullish change | 17.1% | 23.8% | ||
| Trade Balance CNY | Bearish change | 1500B | 354.75B | ||
| Trade Balance USD | Bearish change | $90.98B | $51.13B | ||
| Consumer Price Index (MoM) | Bearish change | 1% | -0.7% | ||
| Consumer Price Index (YoY) | Bearish change | 1.3% | 1% | ||
| Producer Price Index (YoY) | Bullish change | -0.9% | 0.5% | ||
| RatingDog Services PMI | Bearish change | 56.7 | 52.1 | ||
| RatingDog Manufacturing PMI | Bearish change | 52.1 | 50.8 |