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Major economic indicators for Q1 to be released in China

Major economic indicators for Q1 to be released in China

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  • Time of issue:2019-05-23 21:59
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(Summary description)China will release its major economic indicators for March and also for the first quarter of 2016 in the coming two weeks. Figures including the consumer price index, or CPI and the producer price index, PPI. The highly anticipated GDP figure is expected to be released next Friday, following by home prices in 70 government-monitored cities.

Major economic indicators for Q1 to be released in China

(Summary description)China will release its major economic indicators for March and also for the first quarter of 2016 in the coming two weeks. Figures including the consumer price index, or CPI and the producer price index, PPI. The highly anticipated GDP figure is expected to be released next Friday, following by home prices in 70 government-monitored cities.

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2019-05-23 21:59
  • Views:
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China will release its major economic indicators for March and also for the first quarter of 2016 in the coming two weeks. Figures including the consumer price index, or CPI and the producer price index, PPI. The highly anticipated GDP figure is expected to be released next Friday, following by home prices in 70 government-monitored cities.

Major global finance institutions and media have posted their forecast on the first quarter GDP figure. Both Goldman Sachs and Bloomberg have set the figure at 6.7 percent, down from the 6.8 percent of the fourth quarter in 2015.

They added that the figure may be higher than expected due to the rebound of the property market in the first quarter. And as for CPI, many analysts in China are weighing in now with their forecasts.

China will release its major economic indicators for March and also for the first quarter of 2016 in the coming two weeks. Figures including the consumer price index, or CPI and the producer price index, PPI. The highly anticipated GDP figure is expected to be released next Friday, following by home prices in 70 government-monitored cities.

Major global finance institutions and media have posted their forecast on the first quarter GDP figure. Both Goldman Sachs and Bloomberg have set the figure at 6.7 percent, down from the 6.8 percent of the fourth quarter in 2015.

They added that the figure may be higher than expected due to the rebound of the property market in the first quarter. And as for CPI, many analysts in China are weighing in now with their forecasts.

Pork prices will be a key factor for analysts in forecasting March's CPI figure. Haitong Securities says that while vegetable prices dropped in March, increasing pork prices would likely push the CPI to a 2.5-percent increase year on year. Meanwhile, Haitong also predicts that March's PPI will drop 4.2 percent from a year ago while slightly improving 0.6 percent month on month.

China Galaxy Securities and Guotai Junan Securities share similar views on the CPI. China Galaxy expects that the March CPI will increase 2.8 percent from a year ago due to rising vegetable and pork prices. The company also noted that pig farms profits are at a high level. That will encourage farmers to raise more pigs and ease the pork supply shortage.

But some analysts see things differently. Pingan Securities predicts that the March CPI will decrease to 2 percent year on year, saying that inflation will be moderate this year.

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