China: Positive economic releases – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that China released a positive slate of December data including above consensus readings in industrial production 6.9% YoY (market , 5.9%, TD 6.1%), retail sales 8.0% YoY (market 7.9%, TD 8.0%) and fixed assets 5.4% YoY (market 5.2%).

Key Quotes

“GDP was in line with expectations at 6.0% y/y, with 6.1% growth registered for the full year. The data continues the run of positive data surprises in China including in trade and credit metrics.”

“We expect a further pick up in activity, albeit a gradual one, with authorities unwilling to significantly expand both monetary and fiscal stimulus. The Phase 1 trade deal is likely only to provide marginal support to growth given most tariffs remain in place.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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