Chinese Q1 GDP Beats Expectations, Rising 7.4%

China’s Q1 GDP beat expectations rising 7.4% year-over-year.

Economists polled by Bloomberg were looking for Q1 GDP to rise 7.3%, down from 7.7% the previous quarter.

On a quarter-over-quarter basis, Q1 GDP is expected to rise 1.5%, compared with 1.8% in Q4 2013.

Of course that isn’t the only economic indicator out this evening. We have three other data points to watch for:

  • Retail sales – Economists are looking for retail sales to rise 12.1% YoY, and year-to-date (Ytd) retail sales to rise 11.9%.
  • Fixed asset investment (FAI) – Economists project industrial production will climbed 9% YoY, while Ytd the number will be up 8.8%.
  • Industrial production – Ytd FAI is expected to rise 18%.

The disappointing trade data and the continued decline in producer prices has everyone expecting the latest batch of data will confirm an economic slowdown.

We will have live coverage of all the data »

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