The typical/expected impact on CNY pairs is high.
The consensus forecast for Retail Sales (YoY) is -0.1%. A higher value than forecast tends to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.
Lower numbers than forecast tend to be bullish for xxx/CNY pairs and bearish for CNY/xxx pairs.
The most recent announced value for Retail Sales (YoY) was -0.6% against a forecast of 0%.
Recent economic data has been broadly neutral for CNY. Other recent announcements which may affect the market's interpretation of the next Retail Sales (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Exports (YoY) | Bullish change | 19.4% | 27% | ||
| Exports (YoY) CNY | Bullish change | 13.8% | 20.8% | ||
| Imports (YoY) | Bullish change | 27.4% | 36% | ||
| Imports (YoY) CNY | Bullish change | 21.5% | 29.4% | ||
| Trade Balance CNY | Bullish change | 723.98B | 859.05B | ||
| Trade Balance USD | Bullish change | $105.43B | $125.62B | ||
| Consumer Price Index (MoM) | Bearish change | -0.1% | -0.3% | ||
| Consumer Price Index (YoY) | Bearish change | 1.2% | 1% | ||
| Producer Price Index (YoY) | Bullish change | 3.9% | 4.1% | ||
| RatingDog Services PMI | Bearish change | 54.4 | 54.1 | ||
| RatingDog Manufacturing PMI | Bearish change | 51.8 | 51.7 |
| Country: | China |
|---|---|
| Currency: | CNY |
| Source: | National Bureau of Statistics of China |
| Category: | Consumption |
| Frequency: | Monthly |