FXStreet (Guatemala) – Analysts at Brown Brothers Harriman explained that China’s data in the coming week is unlikely to have much market impact.
Key Quotes:
“The Bloomberg consensus is for steady growth in industrial output at 6.1% year-over-year pace. The risk is on the downside, but even a high 5% reading would be the envy of most countries. The consensus expects retail sales to accelerate to 11.3% year-over-year from 11.2%. Note that in the three months before the August plunge of Chinese shares, retail sales rose at an average pace of 10.4%. In the three months since the pace has quickened to 11%.
The other data highlight is China’s Q4 GDP. The consensus is that the economy expanded at a 6.9% year-over-year. It is expected to be the third quarter that China recorded a 1.8% quarterly expansion. Many disparage the accuracy of Chinese data, which often seems quickly tallied, without the volatility that other countries show, and sometimes seemingly self-serving. However, critics often do this by innuendo and accusations, not a robust examination.”
(Market News Provided by FXstreet)