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Gross Domestic Product (YoY)

The Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing. As the Chinese economy has influence on the global economy, this economic event would have an impact on the Forex market. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, while a low reading is seen as negative (or Bearish).

Most recent - Wednesday 18 October 2023 02:00

Previous
6.3%
Revised
-
Forecast
4.4%
Actual
4.9%

Higher numbers than forecast tend to be bullish for CNY/xxx pairs and bearish for xxx/CNY pairs.

Next event - Tuesday 16 January 2024 02:00

Previous
4.9%
Forecast
-
Actual
-

The typical/expected impact on CNY pairs is high.

There is no forecast value for Gross Domestic Product (YoY) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product (YoY) was 4.9% against a forecast of 4.4%.

Past events

Date
Forecast
Actual
Wednesday 18 October 2023 02:00
4.4%
4.9%
Monday 17 July 2023 02:00
7.3%
6.3%
Tuesday 18 April 2023 02:00
4%
4.5%
Tuesday 17 January 2023 02:00
1.8%
2.9%
Monday 24 October 2022 01:30
3.4%
3.9%
Friday 15 July 2022 02:00
1%
0.4%
Monday 18 April 2022 02:00
4.4%
4.8%
Monday 17 January 2022 02:00
3.6%
4%
Monday 18 October 2021 02:00
5.2%
4.9%
Thursday 15 July 2021 02:00
8.1%
7.9%
Friday 16 April 2021 02:00
18.9%
18.3%
Monday 18 January 2021 02:00
6.1%
6.5%

Economic context

Recent economic data has been broadly neutral for CNY. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:

PreviousLatest
Consumer Price Index (MoM)Bearish change-0.1%-0.5%
Consumer Price Index (YoY)Bearish change-0.2%-0.5%
Producer Price Index (YoY)Bearish change-2.6%-3%
Exports (YoY)Bullish change-6.4%0.5%
Exports (YoY) CNYBullish change-3.1%1.7%
Imports (YoY)Bearish change3%-0.6%
Imports (YoY) CNYBearish change6.4%0.6%
Trade Balance CNYBullish change405.47B490.82B
Trade Balance USDBullish change$56.53B$68.39B
Caixin Services PMIBullish change50.451.5
Caixin Manufacturing PMIBullish change49.550.7
NBS Manufacturing PMIBearish change49.549.4
NBS Non-Manufacturing PMIBearish change50.650.2

About Gross Domestic Product (YoY)

Country:China
Currency:CNY
Source:
Category:Economic Activity
Frequency:Quarterly

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