China’s NBS: Based on Q1 indicators, economy has got off to good start
|Additional headlines are crossing the wires from China’s National Bureau of Statistics (NBS), as the press conference continues after the release of the country’s key economic data.
Based on Q1 indicators, the economy has got off to good start.
There has been continued improvement in production and demand.
QoQ growth still shows continued growth of major indicators in Q1.
Economic performance in steady recovery.
Prices and employment are generally stable.
Foundation for domestic recovery not yet consolidated.
Service industry, smaller firms still face challenges.
Pork prices poised to continue falling.
CPI for the whole year likely to be kept in moderate range.
Market reaction
AUD/USD keeps its corrective downside intact, now trading close to daily lows of 0.7724 reached after the dismal Chinese macro news.
Related reads
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.