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15 Apr 2015
China's GDP Q1 2015 meets expectations
FXStreet (Bali) - China GDP growth came at 7.0% in Q1 2015, in line with market expectations and 0.3bp lower than its previous Q4 2014 reading, with the QoQ print at 1.3%, below forecasts of 1.4%.
Additionally, China retail sales (YoY) came below forecasts in March, with actual at 10.2% vs 10.9%, industrial production (YoY) came in at 5.6%, below forecasts of 6.9%, and lastly, China urban investment (YTD) (YoY) stood at 13.5% vs 13.8% expected.
The data is a clear sign that the Chinese economy continues to decelerate its frantic growth pace from recent years, with market chatter about potential further easing measures by the PBOC persisting. The AUD was sold on the news.
China Stats Bureau notes: "Economy has slowed but inflation, employment and market expectations are basically stable."
Additionally, China retail sales (YoY) came below forecasts in March, with actual at 10.2% vs 10.9%, industrial production (YoY) came in at 5.6%, below forecasts of 6.9%, and lastly, China urban investment (YTD) (YoY) stood at 13.5% vs 13.8% expected.
The data is a clear sign that the Chinese economy continues to decelerate its frantic growth pace from recent years, with market chatter about potential further easing measures by the PBOC persisting. The AUD was sold on the news.
China Stats Bureau notes: "Economy has slowed but inflation, employment and market expectations are basically stable."