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.