Higher numbers than forecast tend 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 moderately bearish for CNY. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| NBS Manufacturing PMI | Bearish change | 50.1 | 49.3 | ||
| NBS Non-Manufacturing PMI | Bearish change | 50.2 | 49.4 | ||
| Industrial Production (YoY) | Bullish change | 4.8% | 5.2% | ||
| Retail Sales (YoY) | Bearish change | 1.3% | 0.9% | ||
| Gross Domestic Product (QoQ) | Bullish change | 1.1% | 1.2% |