China CPI steadies, but sends mixed signals – TradeTheNews

FXStreet Team FXStreet

FXStreet (Barcelona) - The TradeTheNews Team gives an update regarding the key developments in the Chinese market â€“ CPI data release and subsequent view of analysts.

Key Quotes

â€œChina kicked off economic reports for the month of March in decent fashion, as CPI held steady at 1.4% beating consensus by a decimal and PPI declines stopped accelerating for the first time in 8 months.â€

â€œSequentially, CPI fell 0.5% after rising 1.2% in Feb, but YTD CPI edged up to 1.2% from 1.1%. Non-food component was unchanged at 0.9%.â€

â€œAnalysts are split on the implications of the latest inflation data - some see the report as beginning of stabilization that would diminish the need for PBoC to ease aggressively, while others do not see the release sufficiently significant to alter the increasingly more regular easing path.â€

â€œInvestors will monitor lending, M2 money supply, and Trade figures expected over the next few trading sessions.â€

â€œChina Mar CPI Y/Y: 1.4% V 1.3%E (3-month high)â€

â€œChina Mar PPI Y/Y: -4.6% V -4.8%Eâ€

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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