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Huge data dump coming from China on Friday – Q1 GDP, industrial production + more

Forex, video, latest April 15, 2021 11:01 am

a data from China is due at 0200GMT on Friday 16 April 2021 

China Q1 2021 GDP:

  • expected +1.4% (SA), prior was +2.6%

  • expected +18.5% y/y, prior +6.5%

March data:

Industrial Production y/y

  • expected 18.0%

Industrial Production YTD to March y/y

Fixed
Assets (excluding rural) YTD y/y

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Retail Sales y/y,

  • expected 28.0%

Retail
Sales YTD y/y

What to expect via Scotia:

  • Q1 GDP is expected to strongly accelerate inside year-over-year terms but mainly because a figure become compare to a 9.7% q/q non-annualized contraction during a first quarter of last year when a pandemic’s effects struck with full force. Pay more heed to a quarter-over-quarter reading for 2021Q1 that is estimated to land around 1 ½% non-annualized. 
  • another reports … on industrial output also retail sales during March become need to control for a similar year-ago comparison distortion

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