The typical/expected impact on CNY pairs is high.
The consensus forecast for Gross Domestic Product (YoY) is 4.4%. 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 (YoY) was 4.8% against a forecast of 4.8%.
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 (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Exports (YoY) | Bullish change | 5.9% | 6.6% | ||
| Exports (YoY) CNY | Bearish change | 5.7% | 5.2% | ||
| Imports (YoY) | Bullish change | 1.9% | 5.7% | ||
| Imports (YoY) CNY | Bullish change | 1.7% | 4.4% | ||
| Trade Balance CNY | Bullish change | 792.57B | 808.8B | ||
| Trade Balance USD | Bullish change | $111.68B | $114.1B | ||
| Consumer Price Index (MoM) | Bullish change | -0.1% | 0.2% | ||
| Consumer Price Index (YoY) | Bullish change | 0.7% | 0.8% | ||
| Producer Price Index (YoY) | Bullish change | -2.2% | -1.9% | ||
| RatingDog Services PMI | Bearish change | 52.1 | 52 |