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Chinese data preview: IP, inflation and retail sales - TDS

FXStreet (Córdoba) - Analysts from TD Securities give their impressions about the possible numbers from the next Chinese economic reports that include retail sales, industrial production and inflation.

Key Quotes:

“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 the market unchanged +10.9% Y/Y and pencil in 11%.”

“On the production side, we see upside to the market forecast of 5.8% Y/Y, 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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