China data dump coming up – TDS

By FXStreet FXStreet (Bali) – The Global Macro Strategy Team at TD Securities provides a preview for this week’s China data dump, including retail sales, industrial production, and inflation.

Key Quotes

“It’s the monthly Chinese data dump, with retail sales, industrial production, and inflation all out.”

“The services sector and the consumer are vastly overlooked in China, especially when it comes to forecasting GDP.”

“While there are no reliable leading indicators for this sector, retail sales should offer a good signal, and we lean towards a slight upside to mkt unchanged +10.9%/yr and pencil in 11%/yr.”

“On the production side, we see upside to mkt forecast of 5.8%, even if our 6.5% proves to be a little ambitious.”

“And for CPI, food prices moderated in October, so we expect a tick lower in overall CPI.”
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Source:: FX Street