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 (YoY) is 4.8%. 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 4.5% against a forecast of 4.4%.
Recent economic data has been broadly neutral for CNY. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| 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 | ||
| NBS Manufacturing PMI | Bullish change | 49 | 50.4 | ||
| NBS Non-Manufacturing PMI | Bullish change | 49.5 | 50.1 |