Economic data due from China ... some today ... some over the next few days, not a fixed time
Today ... due at 0530GMT
October Industrial Production y/y
- expected is 5.8%, prior was 5.7%
October industrial production YTD y/y
- expected is 6.2%, prior was 6.2%
October Fixed Assets (excluding rural) YTD y/y,
- expected is 10.2%, prior was 10.3%
October Retail Sales y/y,
- expected is 10.9%, prior was 10.9%
October Retail Sales YTD y/y,
- expected is 10.6%, prior was 10.5%
Data from China has been on the soft side, most recently (over the weekend) the October trade balance with a miss on imports and exports, then the CPI and PPI yesterday, the CPI showing m/m deflation (its got a long way to catch up to the PPI, that's been showing negatives for 44 consecutive months). The weak data has weighed on the AUD, despite fanning chatter of more stimulus from China... In terms of positive impact on the AUD, the 'more stimulus from China' chatter seems to be a on a diminishing marginal returns path.
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Also, data due sometime from today through to the 15th
- October new yuan loans, expected is 800bn, prior was 1050bn (yuan amounts)
- Aggregate financing RMB for October, expected is 1050bn, prior was 1302.8bn
- Money supply M0 for October y/y: expected is 3.6%, prior was 3.7%
- Money supply M1 y/y: expected is 11.2%, prior was 11.3%
- Money supply M2 y/y: expected is 3.8%, prior was 3.8%
- Money supply M3 y/y: expected is 3.1%, prior was 3.1%
